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1.8 The market mechanism, market failure and government intervention in markets

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Question 6

Extract B (line 12) states: '...the widespread adoption of electric cargo bikes in urban logistics has delivered substantial external benefits to city residents...'

Define 'external benefit' as referred to in Extract B.

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1.8 The market mechanism, market failure and government intervention in markets Questions

  1. A Level
  2. /Economics
  3. /1.8 The market mechanism, market failure and government intervention in markets