Paper 1 real world example: Merit and demerit goods
The United States is experiencing a wave of drug-related deaths from the drug fentanyl. It is a prescription drug that is used to treat people with severe pain, particularly after surgery. But fentanyl is being increasingly used as a recreational drug. Fentanyl is a synthetic opioid 50 times more powerful than heroin. Last year, nearly 100,000 people in the US died of a drug overdose, with over 60 per cent related to...