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SingaporeEconomicsQuick questions
Market Failure and Intervention
Quick questions on Government failure explained: H2 Economics
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Define government failure. [2 marks]
What is q2?Show answer
Explain one way a price ceiling can lead to government failure. [3 marks]
What is q3?Show answer
State the test for whether an intervention is justified. [2 marks]
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