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3.8 Limitations of markets

3.8 Limitations of markets

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Question 4

A negative externality is a

[1]
A

cost imposed on a third party

B

private benefit received by a consumer

C

payment made by government

D

benefit enjoyed only by a producer

Markscheme

3.8 Limitations of markets Questions

  1. GCSE
  2. /Economics
  3. /3.8 Limitations of markets

31 exam-style questions on OCR GCSE Economics 3.8 Limitations of markets, covering 3.8.1 Positive and negative externalities, 3.8.2 Policies to correct externalities, 3.8.3 Impact of externality policies, and 3.8.4 Costs and benefits of externality policies. Each one has a worked solution and a mark scheme showing where the marks go.

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