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EnglandEconomicsQuick questions
Microeconomics: Market failure and government intervention
Quick questions on Externalities and the environment - Eduqas A-Level Economics (A520)
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Using a diagram, explain why a market with a negative externality of production over-allocates resources to the good. [4 marks]
What is q2?Show answer
Explain why education is regarded as generating positive externalities. [4 marks]
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