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Discuss whether merit goods and demerit goods are best provided by the market economy.
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- The study of economics is best defined as howHow is top-down budgeting different from bottom-up budgeting? Which of these methods is more widely accepted? What have been some of the attempts to reform bottom-up budgeting?According to Christopher Stone in "Why the Market Can't Do It", the market: Group of answer choices cannot allocate resources adequately to meet all social needs is a remedy for all the problems a society may face with its commercial actors can restrain giant modern corporations can allocate resources adequately to meet all social needs