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5 marksIntervention

CAPE Economics Unit 1 · 2010 · Paper 2 · Question 4(c)

Assess government's response to market failure caused by public goods and monopolies.

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Other parts of this question

  1. 4(a)Explain the term 'market failure' with special emphasis on the efficiency criterion.[4 marks]
  2. 4(b)(i)Using suitable examples, explain how market failure is caused by public goods.[8 marks]
  3. 4(b)(ii)Using suitable examples, explain how market failure is caused by monopolies.[8 marks]

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