Distinguish the true statements from the false statements. True False Market failure occurs when negative externalities are present but not when positive externalities are present. The government...

Distinguish the true statements from the false statements.

• Market failure occurs when negative externalities are present but not when positive externalities are present.


• The government sometimes intervenes when a market failure occurs.


• Externalities are the only example of market failure.


• Market failure occurs when either negative or positive externalities are present.


• Market failure is when a market provision of a good result in an inefficient quanitity.