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A-LevelEconomicsMarket Failure and ExternalitiesOct/Nov 2019Paper 3 Q11 Mark

Some multinational oil companies extracting oil in developing countries are now required to repair the damage they do to the environment. Which best describes the total costs incurred by the oil companies in such circumstances?

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The correct answer is . This question tests the candidate's understanding of market failure and externalities 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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About This A-Level Economics Question

This structured question appeared in the Cambridge A-Level Economics (9708) Oct/Nov 2019 examination, Paper 3 Variant 2. It tests the topic of Market Failure and Externalities and is worth 1 mark.

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