A-LevelEconomicsExternalities / Market FailureOct/Nov 2019Paper 3 Q11 Mark
What is not an example of an externality? A A new firm is established in an area and pays its workers higher wage rates than other firms. B The flowers planted by a householder in his garden give pleasure to his neighbours. C The immunisation of children against smallpox reduces the danger of the risk of infection to others. D The installation of security cameras in a city centre results in an increase in thefts elsewhere.
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