Question: the difference between private goods, which can be efficiently provided by markets, and public goods and quasi-public goods which markets fail to supply in an
the difference between private goods, which can be efficiently provided by markets, and public goods and quasi-public goods which markets fail to supply in an equitable way to the public. Merit and demerit goods will also be considered in order to analyse their positive or negative impacts on society, and why government intervention may be required to control access to these goods.
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