Question 4
Question 4 of 40
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
2. The allocation of reso...
2.2. The role of markets in allocat...

How the price mechanism provides answers to these key allocation questions.

2. The allocation of reso...
2.10. Market failure

With respect to public goods, merit and demerit goods, external costs and external benefits, abuse of monopoly power and factor immobility.