Explain how soda, or more generally sugary beverages, generate market failures.

Paper details:

The objective of the HW assignment is to identify how policy tools are used to correct health-related market failures. -Explain how soda, or more generally sugary beverages, generate market failures. Make sure to explain what type of market failures emerge, and how the market actually fails. -Why have so many governments have imposed taxes on soda? How do such taxes work in theory and what is the evidence in their effectiveness in correcting the market failure? -In addition to soda taxes, do you think there are other types of interventions that might be implemented to correct the market failures? Provide a graphical example of what happens when a soda tax is implementhkzed (in terms of the Qd)