An example of a demerit good is:
A) Education
B) Cigarettes
C) Vaccinations
D) Art gallery
Correct Answer:
Verified
Q2: Community surplus equals:
A) Producer surplus plus marginal
Q3: If there is a positive consumption externality,
Q4: The free rider problem occurs:
A) With monopolies
B)
Q5: A merit good:
A) Is one that is
Q6: A monopoly occurs when a firm dominates
Q7: With a negative production externality the amount
Q8: A demerit good:
A) Is one that is
Q10: The free market assumes that:
A) Consumers are
Q11: The extra satisfaction consumers gain from consuming
Q12: At the socially optimal level of output:
A)
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