Economics 9708 · AS & A Level · 7.4

7.4 — practice question

The marginal social benefit gained from consuming a drink is lower than the marginal private benefit. Which policy would be most suitable for improving resource allocation in this market?

  • Agive a subsidy to the producers of the drink
  • Bincrease competition in the drink industry
  • Cimpose a maximum price for the drink above the market equilibrium price
  • Dimpose a per unit tax on the drink

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