Skip to main content
A-LevelEconomicsThe price system and the microeconomy9708/12 · Oct/Nov 2014 · Q141 Mark

A firm wishes to build a factory extension. Permission is required from the government because the extension may increase

Acomparative costs.
Bexternal costs.
Copportunity costs.
Dprivate costs.

✓ Correct answer

B: external costs.

Practise more questions on this topic

Oracle Prep sorts past-paper questions by topic, so you can drill The price system and the microeconomy and see which topics are most likely to come up next.

Sign up free →

About this question

Topic
The price system and the microeconomy, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Oct/Nov 2014 Paper 1 Variant 2, question 14.

Questions and mark schemes are from past examination papers and remain the copyright of the exam board. How Oracle Prep builds its content

Related Economics questions

© 2026 Oracle Prep