| Number of active units | Annual monitoring & enforcement costs (£000) | Annual fine revenue collected (£000) | Annual value of environmental damage reduction (£000) | |
|---|---|---|---|---|
| Industrial Emissions Monitors (IEMs) | 120 | 7 500 | 4 800 | 24 000 |
| Municipal Waste Scanners (MWSs) | 400 | 3 200 | 9 600 | 14 400 |
Note: (i) Fine revenue has been classified as a financial benefit for regional authorities rather than as a cost to industrial or waste operators. (ii) Municipal Waste Scanners detect unauthorized commercial disposal at public processing sites during restricted periods.
Using Extract G, identify two significant points of comparison between the costs and the benefits of the two types of monitoring technology.
378 exam-style questions on AQA A Level Economics 1.8 The market mechanism, market failure and government intervention in markets, covering 1.8.1 How markets and prices allocate resources, 1.8.2 The meaning of market failure, 1.8.3 Public goods, private goods and quasi-public goods, 1.8.4 Positive and negative externalities in consumption and production, 1.8.5 Merit and demerit goods, 1.8.6 Market imperfections, 1.8.7 Competition policy (A-level only), 1.8.8 Public ownership, privatisation, regulation and deregulation of markets (A-level only), 1.8.9 Government intervention in markets, and 1.8.10 Government failure. Each one has a worked solution and a mark scheme showing where the marks go.