A-LevelEconomicsMarket Failure and Government InterventionFeb/Mar 2018Paper 3 Q21 Mark
A government school is built by private builders in a residential neighbourhood. The builders ignore the effects of noise and disturbance. Why does a free market fail to take into account these external costs of building the school? A Education is a public good which benefits society. B Few people who live near the school object to the building. C The government believes schools should be built privately. D These costs are not paid for by the builders.
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
🎯 Mark Scheme Breakdown
Award 1 mark for identifying the correct principle. Award 1 mark for showing clear working. Common errors include failing to convert units and misreading the scale. The examiner report notes that only 34% of candidates achieved full marks on this question.
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