Economics 9708 · AS & A Level · Government intervention in markets

Government intervention in markets — practice question

The National Library Board of Singapore is a public-sector organisation that funds and oversees the state libraries. What is the most likely explanation for this?

  • ALibraries are public goods.
  • BLibraries are merit goods.
  • CThe cost of providing library services would be greater in the private sector.
  • DThe opportunity cost to the public sector of providing library services is zero.

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