Table 1 shows estimated lifetime benefits when one additional student remains in education for a further year.
| Benefit to the student | Total benefit to society |
|---|---|
| £18,000 | £24,000 |
Using Table 1, explain why the market may provide fewer education places than is best for society.
83 exam-style questions on AQA GCSE Economics 1.6 Market failure, covering 1.6.1a Market failure as misallocation of resources, 1.6.1b Government intervention, 1.6.2a Defining externalities, and 1.6.2b Positive and negative externalities. Each one has a worked solution and a mark scheme showing where the marks go.