AQA A Level · 7136 · Paper 1: Markets and market failure
4.1.8.6 Market Imperfections
Also AQA AS 7135: 3.1.5.6
Everything you need for questions on market imperfections, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Key terms
- Misjudging the benefit
- How information gaps cause market failure
- Calculations
- Classic question: is asymmetric information still a serious problem?
- The other market imperfections AQA names
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- When sellers know more
- Over- or under-consumption?
- Diagnose the information gap
- Information gaps trainer
- How big a problem?
- Build the chain
- Exam practice
This is part of the Exam Toolkit
Join the Exam Toolkit to open every lesson page, worksheet, diagram and chain.