This BBC article (including a video) clearly shows the negative externalities associated with binge drinking
http://news.bbc.co.uk/newsbeat/hi/health/newsid_7588000/7588865.stm
a) What is a negative externality?
b) Why is binge drinking a negative externality?
c) How does the freee market fail in this case?
d) What actions can govt take to reduce this market failure?
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