1. "The market outcomes [i.e., market price and market quantity] determined under a free- market enterprise system are always efficient." Is this statement true or false? Using information from the text, videos and material from other external sources defend your position. Please include appropriate diagrams in your answer. Note: Your response should be at least a page in length. 2. What tools are at the government's disposal to expand educational opportunities in society?. In your answer be sure to explain the necessity of the government's involvement in education. 3. What tools are at the government's disposal to reduce air pollution? In your answer be sure to explain the necessity of the government's role in pollution control. 4. Use the diagram below to answer questions ad p MSC=MPC+MEC a. What type of externality is depicted in the diagram? Please explain. b. Does the price at P1 and the quantity at (11 represent the correct price and quantity of this product in the eyes of society? Why or why not? Please explain. c. Does the price at P2 and the quantity at (12 represent the correct price and quantity of this product in the eyes of society? Why or why not? Please explain. I]. Which area in the diagram represent deadweight loss? 5. Is the following statement true or false? Removal of all air pollutants is always the best policy pos'rh'on of the government Please state your position. and you can use outside sources. Remember to cite your outside sources