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[1 point] Extemalities Hypothesis. Imagine that the production of your product creates an externality. Assume one type of externality. 8.1.[0.5 points] Give an example of

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[1 point] Extemalities Hypothesis. Imagine that the production of your product creates an externality. Assume one type of externality. 8.1.[0.5 points] Give an example of which type of negative externality your company could create (verbal answer). 8.2. [0.5 points] Calculate the marginal social benefit and cost? Draw the marginal social benefit curve and the marginal social cost curve. Use your diagram to determine the socially optimal quantity (numerical, graphical and verbal answers)

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