Unit 1: How good are government actions to overcome information failure: Food labelling

This BBC report suggests that Government actions may not result in much of a reduction in market failure due to information failure

http://news.bbc.co.uk/1/hi/health/7641476.stm

a) Using a S&D diagram, explain how the market for food fails
b) What form of action has the government taken to reduce the market failure?
c) Why is it failing to reduce the market failure as anticipated?