Market Failure and Government Intervention · Microeconomics

Public Goods and Merit Goods

Investigating goods that are under-provided or not provided at all by the private sector.

Key Questions

  1. 1Why would a rational firm refuse to provide street lighting?
  2. 2To what extent should the state provide healthcare for free?
  3. 3What incentives are driving the consumption of merit goods?

National Curriculum Attainment Targets

GCSE: Economics - Market FailureGCSE: Economics - Government Intervention
Year: Year 11
Subject: Economics
Unit: Market Failure and Government Intervention
Period: Microeconomics

Suggested Methodologies

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