A-LevelEconomicsMarket FailureOct/Nov 2019Paper 3 Q21 Mark
Building a hospital has a social cost of $200 million. The social benefit is $240 million; external benefit is $150 million. What can be concluded from this information? A external benefit is greater than external cost B external benefit is greater than private benefit C private benefit is greater than private cost D the project should not take place
📋 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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