A-LevelEconomicsMarket Failure & Government InterventionMay/June 2018Paper 3 Q11 Mark
A government makes a study of the costs and benefits of allowing a leisure company to develop a holiday resort in an area of natural beauty. When should the government allow this development to take place? A if private benefits exceed private costs B if private costs exceed private benefits C if social benefits exceed social costs D if social costs exceed social benefits
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