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A-LevelEconomicsMicroeconomics: Market Failure and Government InterventionMay/June 2018Paper 4 Q725 Marks

A free market economy operates to the benefit of both consumer and producer to achieve the most efficient outcome, and therefore there is no role for a government to play in controlling the market. Consider the extent to which this statement is correct.

Q: What topic does this question test?

This question tests Microeconomics: Market Failure and Government Intervention in A-Level Economics (syllabus code 9708). It is worth 25 marks.

📋 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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About This A-Level Economics Question

Topic

This structured question tests Microeconomics: Market Failure and Government Intervention in A-Level Economics (syllabus code 9708). It is worth 25 marks.

Source

This question appeared in the Cambridge A-Level Economics May/June 2018 examination, Paper 4 Variant 2.

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