1) how market can fail to achieve efficiency as the result of public goods?

Price ($lHo't Dog) Learning Activity 4 Question 1 The graph below shows the market for Hot Dog. The government is considering intervening in this market. 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 a. S D 0 1 00 20'0I 300' 400 500 600 I Calculate Market Surplus at the equilibrium price and equilibrium quantity in the above graph. Answer: If the government restricts the market output to 100 units, calculate, consumer surplus, producer surplus and the deadweight loss using the above graph. Answer: If the government imposed a tax of $1, show and calculate the effect on consumer surplus, producer surplus and deadwejght loss