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O-LevelEconomicsThe allocation of resources2281/11 · May/June 2011 · Q101 Mark

What is an example of market failure?

Agrowth of competition

Ban existence of scarcity

Cspread of pollution

Dsurplus of production in the short-term

✓ Correct answer

C: spread of pollution

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Topic: The allocation of resources, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2011 Paper 1 Variant 1, question 10.

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