Economics 9708 · AS & A Level · 1.6

1.6 — practice question

Which statement correctly describes the various types of goods?

  • AFree goods are offered for sale at a loss-making price.
  • BMerit goods generate more consumer surplus than producer surplus.
  • CPrivate goods can be consumed with no opportunity cost.
  • DPublic goods can be used by additional consumers with no extra production cost.

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