Hello, dear friend, you can consult us at any time if you have any questions, add WeChat: daixieit

Explain why negative externalities are an example of market failure. [10 marks]

An effective answer to a 10 marks question takes into account the following:

- A proper structure → an introduction of the topic, a diagram, an explanation of what is happening (using economic theory), a developed example

- Defining the main economic terms relevant to the question

- A developed example → to be considered developed the example needs to have the following qualities:

o A clear link to the topic of the question

o A real-world placement → a country/region/city where things happen

o A time → when things happened (be specific)

o Quantitative data → use numbers to tell the story, not just statements about what happened (again, be specific)

Assessment of student work: