Economics (AS & A Level) · Oct / Nov 2025 · Paper 34 · Question 8
9708Government policies to achieve efficient resource allocation and correct market failure
What is a potential benefit of the privatisation of a country’s railway services?
- Ahigher levels of competition
- Bhigher costs passed on in the form of higher prices
- Copportunity for government regulation
- Dpotential for a private monopoly
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Correct answer: A. higher levels of competition
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