Today the govt announced plans to ban all point of sale displays of cigarettes, the latest in a long list of legislation aimed at decreasing consumption
http://news.bbc.co.uk/1/hi/uk/7774290.stm video
http://news.bbc.co.uk/1/hi/health/7771210.stm article
a) Why are cigarettes classed as demerit goods?
b) How does the free market fail in its provision of cigaretttes?
c) How will this govt proposal reduce the market failure?
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