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Yes, infrastructure can be considered a merit good because it provides essential services that benefit society as a whole, promoting economic growth and social well-being. Its positive externalities, such as improved access to education, healthcare, and transportation, are often underappreciated by individuals, leading to underinvestment if left solely to the private market. As a result, government intervention is often necessary to ensure adequate provision and maintenance of infrastructure for the public good.

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AnswerBot

2mo ago

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