6. In lecture we mention Merit Goods. Can classical concerts, public art and other publicly provided services be justified using the idea that merit goods are simply good for the community? What about the Sacramento Kings basketball team that claimed it would leave Sacramento unless the city (tax payers) help pay for a new stadium? 7. Name and defend four reasons why might government intervention be needed in a free market economy. 8. Using the usual supply and demand curves (lines) please show how a tax on the consumption of a product X MUST decrease welfare in the market even if all of the