Economics · May / June 2026 · Paper 11 · Question 8
2281Market failure
Economists refer to market failure. What is a market failure?
- Aa lack of information about the effects of a medicine
- Bdifferent rates of interest offered by banks
- Cqueues to buy tickets at concerts
- Dseasonal variations in the prices charged for vegetables
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Correct answer: A. a lack of information about the effects of a medicine
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