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ZIMSEC O-Level Economics

6.18.1Market failure: public, merit and demerit goods

Market failure: public, merit and demerit goods in ZIMSEC O-Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic18 practice questions1 lesson

Learning objectives

What the syllabus expects you to be able to do.

  1. 6.18.1.1Explain market failure and why markets fail to provide public goods and under-provide merit goods.

Lessons

  • Market failure: public, merit and demerit goods

    25 min

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Sample question

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Market failure: public, merit and demerit goods: sample question

1 mark

Which of these is the best example of a public good?

Choose one answer

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