Which of the following definitely would NOT be considered a merit good?
A)musical concerts
B)museums
C)automobiles
D)libraries

Question

Quizplus · Accepted Answer

Merit goods are goods and services that are considered to have positive externalities and are under-consumed in a free market. Musical concerts, museums, and libraries can be considered merit goods as they provide educational and cultural benefits to society beyond the individual consumer. However, automobiles do not have positive externalities and are not typically considered merit goods.

Which of the Following Definitely Would NOT Be Considered a Merit