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Evaluate, with the help of diagram(s), two policies that a government may introduce in order to reduce allocative inefficiency caused by traffic congestion.
Economics 9708 · AS & A Level · Market failure
Market failure — practice question
Traffic congestion is one reason for allocative inefficiency.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Explain allocative efficiency and connect it with resource allocation that maximises consumer satisfaction” …
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