A-LevelEconomicsGovernment microeconomic intervention9708/12 · Oct/Nov 2023 · Q61 Mark
Some goods are over-consumed in a market economy. What is likely to be the cause of this?
AConsumer surplus exceeds producer surplus.
BConsumers undervalue the benefits of consuming the goods.
CThere is excess supply in the market for the goods.
DThere is imperfect information in the market.
✓ Correct answer
D: There is imperfect information in the market.
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