The Japanese government is considering banning beer advertising throughout the country. The government thinks this move might enhance competition the big four beer brewing companies in Japan. Illustrate using economic theory and the concept of producer surplus whether you agree with the government about the possible effects of banning beer advertising.? What might be the impact of banning advertising on the four largest breweries? Would the impact be the same for a micro/craft brewer in the market

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.