Practice Exam Questions
Externalities and Welfare Losses - MCQ Revision Question
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 21 Mar 2021
This is a tricky analysis MC question asking students to calculate the area of net social benefit at the private optimum level of output in a situation where there are negative externalities in production. We take students through the correct reasoning behind the answer.
You might also like

Price Discrimination and Economic Welfare
29th November 2022
Economics of Legalising Cannabis
Topic Videos
Welfare Reform - Universal Credit
Study Notes
Government Spending
Study Notes
Producer Surplus
Study Notes
Economic Growth - Disadvantages
Study Notes
Key Summary on Market Structures
Study Notes

The Rise and Fall of GDP
7th May 2018