Economics 9708 · AS & A Level · Behavioural economics

Behavioural economics — practice question

(a)[5]

Identify what caused the rise in the electricity prices and explain whether the article shows that the price rise was an example of market failure.

(b)[4]

Is there any evidence in the article that the French government’s decisions will raise competition or efficiency in the energy market?

(c)[11]
  • Distinguish clearly between equality and equity. [3]
  • Consider whether the French government's actions on electricity prices could be seen as improving either equality or equity for consumers and producers. [8]

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