Doctors are warning that increasing numbers of young people are developing alcohol-related disease according to this clip and article from the BBC.
< http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_7090000/newsid_7091900?redirect=7091998.stm&news=1&bbwm=1&bbram=1&nbwm=1&nbram=1&asb=1 >
http://news.bbc.co.uk/1/hi/health/7090864.stm
a) What sort of market failure does excess alcohol consumption represent?
b) Using a diagram, explain how the market fails
c) What suggested policies to reduce the market failure are suggested?
d) Discuss the extent to which the the suggested solutions could succeed
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