Unit 2.8: The cost of renewable energy
This page contains the activities, with student access, for the teacher page: Unit 2.8: The cost of renewable energy Merit goods - goods or services with strong positive externalities. Merit goods would be under-provided by the market and so under-consumed. Positive externalities - benefits enjoyed by a third-party when a consumer makes a purchasing decision. Marginal private benefit - the private benefit (utility)...