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

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Question 3

Extract C

"... The rapid deployment of satellite-based navigation and automated road-pricing systems has fundamentally altered how we manage transport infrastructure. While highway networks have traditionally been viewed as a quasi-public good (line 14), modern digital tracking makes it technically feasible to exclude non-payers, potentially pushing these services closer to the private sphere..."

Define the term 'quasi-public good' with reference to Extract C (line 14).

[3]

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