A-LevelEconomicsMarket FailureMay/June 2019Paper 3 Q131 Mark
A community relies on a private company to supply electricity using a coal-fired power station. The power station causes air pollution which imposes an external cost shown in the diagram. [Figure]. The government decides to impose a tax on the electricity company to correct market failure. What represents the tax? A WX B WY C XY D YZ
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The correct answer is —. This question tests the candidate's understanding of market failure within the Economicssyllabus. The examiner's mark scheme requires...
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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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