2. The meat industry in the US is described with the following demand and supply functions (price in dollars and quantities in kilos of meat per person per day}: oD=11P and o5=2P1 The above supply function reflects the effect of $1.20 per kilo subsidy on meat production currently provided by the US government. (a) Find the market equilibrium. (b) For every kilo of meat consumed there is a 5D oent negative ekternaIity because of increased resistance to antibiotics, and $4.5 of negative externalities from increased greenhouse gas emissions. Find the social cost function and the socially efficient quantity. (c) The US government currently subsidizes the production of meat at a rate of $1.2 per kilo. If you were in the USDA (the part of the government that regulates the production of food in the US]. how would you bring the market to the social equilibrium