Demerit goods

IB Economics: Demerit goods

Plenty of politicians have their eyes on the harmful consequences of online gaming. There are stories of gamers playing for such continuously long time periods they wear diapers to avoid pauses in play. Whilst this kind of playing might be rare, there are many young people who have become addicted to gaming. There are also concerns about violence and the sexually explicit content of some video games. The new 3 hours...

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