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Economics (AS & A Level) · May / June 2022 · Paper 14 · Question 1

9708Classification of goods and services

What will result from a government's decision to allow health care to be provided entirely by market forces?

  1. AThere will be a reduction in the provision of a public good.
  2. BAll consumers will receive better health care.
  3. CMarket failure will be eliminated in the health care market.
  4. DThe health care market will reach an equilibrium.

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Correct answer: D. The health care market will reach an equilibrium.

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