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3.8 Limitations of markets

3.8 Limitations of markets

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Question 7

A positive externality is a

[1]
A

benefit received by a third party

B

private cost paid by a producer

C

tax collected by the government

D

fall in the market price

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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