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What is IB Test on Market Failure Concepts about?

This document provides instructions for an IB 1 test on market failures. Students have 1 hour and 5 minutes to complete the test. They must choose one of two questions that each have two parts. Question 1 addresses negative externalities of production and policies to reduce external costs. Question 2 addresses underprovision of merit goods as a market failure and measures governments can use to correct it.

Author

HàLinh

Language

EN