A-LevelEconomicsMarket FailureFeb/Mar 2024Paper 1 Q131 Mark
What explains the underconsumption of merit goods?
ATheir value is not fully understood by consumers.
BThey are unproductive goods and services.
CThey can only be provided by the government.
DThey are only provided by private sector businesses.
✓ Correct Answer
The correct answer is A: Their value is not fully understood by consumers.
📋 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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