By definition,a merit good
A)is a good that is deemed socially desirable.
B)does not affect society's general welfare.
C)is always a public good.
D)is a good available only to upper-income groups.

Question

Quizplus · Accepted Answer

A merit good is a good that is deemed socially desirable, and its consumption is considered to be beneficial for society. Examples of merit goods include education, healthcare, and public transportation. These goods are often subsidized by the government to promote their consumption, as society as a whole benefits from increased access to them.

By Definition,a Merit Good