AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.8.2 The Meaning of Market Failure
Also AQA AS 7135: 3.1.5.2
Everything you need for questions on the meaning and causes of market failure, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- What is market failure?
- The three types
- Key ideas
- Classic question: which type of market failure is most serious?
- All the causes AQA names, with examples
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- Which type of failure?
- Rival? Excludable?
- Too much paint
- Market failure trainer
- How bad is market failure?
- Build the chain
- Exam practice
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