5 questions on Types of Market Failure (Edexcel specification 1.3.1) from the A-Level Economics papers, 2017–2023. Every question links to the official mark scheme at the page its answer begins on.
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Evaluate the possible disadvantages of a free market approach to the provision of television content.
One of two options in Section B — candidates answered this or the other.
Evaluate the possible advantages of a free market approach to providing services such as education.
One of two options in Section B — candidates answered this or the other.
Evaluate the possible disadvantages of a free market approach to providing health care.
One of two options in Section B — candidates answered this or the other.
In September 2016 the government approved the building of an £18 billion nuclear power station, Hinkley Point C, which will supply 7% of UK electricity for up to 60 years. The power station is funded by Chinese and French investment. Evaluate the likely private costs and external costs involved in such major power station construction projects. Use an appropriate externalities diagram in your answer.
One of two options in Section C — candidates answered this or the other.
Evaluate the possible advantages of a free market approach to cigarette consumption.
One of two options in Section B — candidates answered this or the other.
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