Sunday, October 12, 2008

Unit 1: Regulations to reduce binge drinking

The BBC reports new government proposals to reduce the market failure associated with binge/excessive drinking

http://news.bbc.co.uk/1/hi/uk/7665761.stm

a) How does binge drinking represent a market failure?
b) What are the new proposals?
c) To what extent do you believe any one, or the combined proposals, are likely to be successful?

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