Economics (AS & A Level) · Oct / Nov 2023 · Paper 33 · Question 14
9708Government policies to achieve efficient resource allocation and correct market failure
Which policy is not designed to correct a market failure?
- Agovernment provision of healthcare
- Bprice controls on large firms
- Cregulations to limit smoke pollution
- Dintroducing import quotas
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Correct answer: D. introducing import quotas
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