Exam Practice 1

Do this essay as a mock

a) Explain how market failure exists in Transport (10 mks)
b) Government measures to intervene in transport markets to correct market failure can be classified as demand or supply side. Explain and evaluate the demand and supply side policies. (15 mks)

Research this essay and then write it out in 1 hour

5 (a) Explain why barriers to entry are very important in determining the degree of competition in transport markets (10 mks)
(b) With reference to examples, analyse how deregulation has sought to produce competitive markets for local bus services in Britain and for European air transport services (15 mks)

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