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1.3 Market failure

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Question 6

The external benefits of residential home insulation retrofitting include reduced national carbon emissions, improved local air quality, and a reduction in public healthcare expenditure related to cold-housing illnesses.

Draw an externalities diagram to show the market failure associated with the consumption of residential home insulation retrofitting.

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1.3 Market failure Questions

  1. A Level
  2. /Economics
  3. /1.3 Market failure