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1.6 Market failure

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Question 2

A council sets and enforces a maximum noise level for late-night venues. Which description identifies this approach?

[1]
A

Consumer information without enforcement

B

Free-market exchange without rules

C

Payment of a per-unit subsidy

D

Regulation backed by legal penalties

Markscheme

1.6 Market failure Questions

  1. GCSE
  2. /Economics
  3. /1.6 Market failure

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.

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