Economics (AS & A Level) · Oct / Nov 2025 · Paper 33 · Question 3
9708Private costs and benefits, externalities and social costs and benefits
A dentist is found to have charged patients for treatment they did not need. What is the likely cause of this market failure?
- Aa minimum price
- Basymmetric information
- Cnon-excludability
- Dproductive inefficiency
As printed in the paper
Show the answer
Correct answer: B. asymmetric information
Sit this whole paper →More on Private costs and benefits, externalities and social costs and benefits
Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.