A-LevelEconomicsMarket FailureOct/Nov 2019Paper 3 Q11 Mark
Which situation would indicate the presence of an externality? A Producers' actions cause a shortage of a particular good. B Private motorists contribute to traffic congestion in city centres. C Differences in ability cause inequality in the distribution of income in an economy. D Increased demand for a good by the rich raises its price for poorer consumers.
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