3) Table 15.2 Chemical Fertilizer Market Output MB (tonnes) MSB MPC MSC 1 100 100 36 55 2 86 86 48 86 75 75 59 98 62 62 62 102 5 50 50 77 115 38 38 86 130 7 20 20 102 148 Table 15.2 gives the market for fertilizer, where externalities are present. (16 Marks) Calculate MEC and MEB for both sides of the market. (3 Marks) If the market was unregulated, what is the equilibrium price and quantity? (2 Marks) If the market was regulated, what will be the resulting market price and quantity? (2 Marks) Graph the above table; be sure include the unregulated equilibrium price & quantity, the regulated equilibrium price & quantity, the price the consumer pays (Pc), and the price the producer receives (Ps). (5 Marks) Graph does not need to be to scale. e) Calculate the total per unit tax, consumer's burden, producer's burden, and government tax revenue. (4 Marks)