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Card 1 of 26

If market prices ignore full social costs and benefits, what output problem can result?

A

Markets may produce only the efficient level of output.

B

Markets will always produce the socially optimal output.

C

Markets must produce too little output.

D

Markets may produce too much or too little.

Card 1 of 26

The effects of government intervention Flashcards

  1. A Level
  2. /Economics
  3. /The effects of government intervention

26 flashcards on Eduqas A Level Economics The effects of government intervention: the key terms, economic models and case studies you need to recall for Component 1, Component 2 and Component 3.

Flashcards