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Theme 1: 1.4.1d Pollution Permits £2.99
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Theme 1: 1.4.1d Pollution Permits

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Excellent study tool to revise the Pollution Permits section of the A-level Economics syllabus. This is tailored to the Edexcel specification but can also be used for other exam boards. This is a relevant resource for both first-year and second-year students to revise or learn from and get the b...

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  • May 26, 2021
  • 11
  • 2020/2021
  • Lecture notes
  • Mr. payne
  • All classes
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From the 1.4 - Government
specification... Intervention

, Market failure is a situation
where the free market
mechanism does not lead to
Recap: an optimal/efficient allocation
of resources and the needs
Market and wants of societies are
not met. As a result, too much
Failure or too little of a product can be
produced, leading to a
net welfare loss (society is
worse off).

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