A-LevelEconomicsMarket FailureOct/Nov 2018Paper 1 Q181 Mark

There have been recent calls for the UK government to nationalise its railways. What would not be a reason for nationalising the railways?

Q: What topic does this question test?

This question tests Market Failure in A-Level Economics (syllabus code 9708). It is worth 1 mark.

APrivate rail companies often charge high ticket prices.

BPrivate rail companies may exploit monopoly power.

CRailways are an essential part of national infrastructure.

DRailways should be treated as a public good.

✓ Correct Answer

The correct answer is D: Railways should be treated as a public good.

📋 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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About This A-Level Economics Question

Topic

This multiple-choice question tests Market Failure in A-Level Economics (syllabus code 9708). It is worth 1 mark.

Source

This question appeared in the Cambridge A-Level Economics Oct/Nov 2018 examination, Paper 1 Variant 2.

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