A-LevelEconomicsMarket FailureMay/June 2018Paper 1 Q101 Mark
When will the price mechanism not function as a system for allocating goods?
Awhen the government bans advertising
Bwhen the government maintains an effective maximum price
Cwhen there is a limited supply of the good
Dwhen there is a powerful company able to set the market price
✓ Correct Answer
The correct answer is B. This question tests the candidate's understanding of market failure within the Economicssyllabus. The examiner's mark scheme requires...
📋 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...
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