A Demerit Good

question 5

Multiple Choice

A demerit good:

• A) Is one that is available to everyone.
• B) Cannot be provided at all in the free market.
• C) Is illegal.
• D) Is one that society believes has more costs than individuals themselves think it has.

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Definitions:

Intervention

The action or process of intervening, which may involve direct involvement in a situation to alter an outcome or prevent a problem.

Prevention

Actions or measures taken to stop something undesirable from happening, such as disease or accidents.

Intervention

The action or process of intervening, often to bring about change or alter a course of events.

Disorder

A disruption of normal physical or mental functions; a disease or abnormal condition.