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Which of the following is/are usually seen as forms of market failure where regulation
may be a solution?
1 Imperfect competition
2 Social costs or externalities
3 Imperfect information
A 1 only
B 1 and 2 only
C 2 and 3 only
D 1, 2 and 3Sir, need your help, why answer is D?
You really cannot expect me to type out all of our free lectures here – you must watch them!
All three of the items listed are bad for customers (1) and/or investors (3) and/or society in general (2). Therefore government regulation is needed to try and stop them happening.
Yes – my free lectures are video lectures and are a complete free course for Paper F9 covering everything needed to be able to pass the exam well.
(Except of course for question practice – for that you must buy a Revision Kit from one of the ACCA approved publishers. They contain lots of exam standard questions to practice on, and practice is vital if you are to pass the exam.)
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