A-Level Edexcel Economics AS 1.3.5 - Market failure Topic Practice

Edexcel A-Level Economics AS 1.3.5 - Market failure question practice helps you revise this syllabus point with the course map in view. Use this page to focus on one topic, check the style of questions available, and connect each attempt back to the knowledge area it is testing.

EduNinja keeps Economics practice aligned to Edexcel at AS level, so you can move from topic review into exam-style question bank work without losing the syllabus structure. Start with a small set, mark the weak steps, then return to nearby topic links when a definition, graph, calculation, or explanation needs repair.

1.3.5.1a - Why market failure occurs: too much or too little of a good is failure produced and/or
1.3.5.1b - Sources of market failure: • externalities • the free-rider problem; non-provision of
1.3.5.2a - distinction between private benefits, external benefits and negative social benefits.
1.3.5.2b - distinction between private costs, external costs and social costs
1.3.5.2c - distinction between: • external benefits of production • external benefits of
1.3.5.2d - use of diagrams, using marginal analysis, to illustrate: • the external benefits from
1.3.5.2e - impact of externalities in various contexts: • transport • health • education •
1.3.5.3a - distinction between public and private goods: public goods • private goods: rival and
1.3.5.3b - Why public goods may not be provided by the private sector making reference to the
1.3.5.4a - distinction between symmetric and asymmetric information. information
1.3.5.4b - significance of information gaps
1.3.5.4c - imperfect market information may lead to a misallocation of resources in various
1.3.5.5a - moral hazard can occur
1.3.5.5b - impact of moral hazard on consumers, producers, workers and governments in: • insurance
1.3.5.6a - market bubbles may arise. market bubbles
1.3.5.6b - impact of market bubbles on consumers, producers, workers and governments in various

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