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?
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.
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The correct answer is D. This question tests the candidate's understanding of market failure within the Economicssyllabus. The examiner's mark scheme requires...
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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...
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