Note AcademyNote Academy
Start

Economics · May / June 2019 · Paper 11 · Question 5

2281Market failure

What causes market failure?

  1. Agovernment provision of services
  2. Bsocial costs equal private costs
  3. Cthe existence of external benefits
  4. Dthe existence of perfect competition

As printed in the paper

Show the answer

Correct answer: C. the existence of external benefits

Sit this whole paper →More on Market failure

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.