nayana71
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#1
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#1
i did context 1 For the 12 marker i spoke about the price mechanism...and i drew a diagram shifting supply to the left and increased prices etc. For the 25 marker i didnt have enough time to write about monopoly so i just did income inequality and negative externalities wikl i loose marks? Also i didnt have enough time to finish my conclusion....For the 8 marker i didnt use any units i screwed this paper
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erikawilliams
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I talked about the rationing and signalling functions for the 12 marker and drew a simple diagram with it. I spoke mainly about income inequality on the 25 marker, also a bit on monopoly but not much. Does anyone know if you have to speak about all 3 market failures (neg externalities, monopoly and income inequality) to get a decent mark?
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avz8
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To be honest it should be fine if you didn't talk about monopolies as long as you explained income inequality and negative externalities (any 2 out of the 3), identifying the market failures and correctly describing the interventions that can be used to prevent a market failure, Also giving evaluation and talking about what would occur if left to the free market, should score you 16+ easily.
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Johnny98
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#4
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Can anyone remember for the context 1 25 marker. Did it say such as? If it did then I would be fine with talking about one hopefully.
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