The BBC reports that a government ban on advertising fast food to under 16's has come in to force
http://news.bbc.co.uk/1/hi/health/7166510.stm
a) Define a demerit good
b) Why is fast food classed as a demerit good?
c) How should the advertising ban reduce the market failure?
c) To what extent do you think the advertising ban will be successful in reducing the market failure?
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