This quiz works best with JavaScript enabled. Home > Economics > Microeconomics > Failures > Market Failures – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Market Failures Quiz 8 (1 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A situation of market failure is said to exist if; A) Buyers and sellers pay for the true opportunity costs of their actions. B) There are no externalities. C) The government provides merit goods free. D) Third parties in society are affected and not compensated. Show Answer Correct Answer: D) Third parties in society are affected and not compensated. ← PreviousRelated QuizzesMicroeconomics QuizzesEconomics QuizzesMarket Failures Quiz 1Market Failures Quiz 2Market Failures Quiz 3Market Failures Quiz 4Market Failures Quiz 5Market Failures Quiz 6Market Failures Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books