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A-LevelEconomicsMarket Failure and Government InterventionOct/Nov 2018Paper 3 Q11 Mark

Which condition must be met for economic efficiency to be achieved? A Marginal social benefits are at a maximum in the production of all goods. B Marginal social costs are at a minimum in the production of all goods. C Marginal social costs are zero in the production of all goods. D Marginal social costs equal marginal social benefits in the production of all goods.

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

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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2018 examination, Paper 3 Variant 3. It tests the topic of Market Failure and Government Intervention and is worth 1 mark.

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