Economics · May / June 2018 · Paper 11 · Question 19
2281Market failure
Which situation involving the building industry is most likely to be investigated by a government body set up to control restrictive practices?
- Aa builder purchasing a plot of land for development of housing
- Bgroups of suppliers of building materials agreeing to fix prices
- Cseveral builders bidding for the same contracts
- Dseveral builders using different sources of supply
As printed in the paper
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Correct answer: B. groups of suppliers of building materials agreeing to fix prices
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