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1. The demand and supply for a product is given by: Demand: P=210-Q Supply: P= 50 + 4Q Each unit produced generates a marginal external

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1. The demand and supply for a product is given by: Demand: P=210-Q Supply: P= 50 + 4Q Each unit produced generates a marginal external cost of 40. a, Find the unregulated market equilibrium price and quantity. b. Find the efficient level of output. c. Find the deadweight loss that occurs at the unregulated market equilibrium. d. What tax per unit would achieve the socially optimum level of output? e. How much revenue would the tax raise

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