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41 Vape smoking dreates regative externalitives since it affects public health. Show the market for vapes in equilitrium, assuming that these are n laws banning

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41 Vape smoking dreates regative externalitives since it affects public health. Show the market for vapes in equilitrium, assuming that these are n laws banning vaping in public. Label the equitibrium private market pritle and quantity as pm and Qm. Show the impact of the negative externality from second-hand smoring. (Itint: In thes case it is the consumers, nit the sellurs, who are cruating the heyative lexternality.) Label the Social bptimal output and prite as pe and Qe. on the graph, shade in the uxternality damage at the markat cape output. 41 Vape smoking dreates regative externalitives since it affects public health. Show the market for vapes in equilitrium, assuming that these are n laws banning vaping in public. Label the equitibrium private market pritle and quantity as pm and Qm. Show the impact of the negative externality from second-hand smoring. (Itint: In thes case it is the consumers, nit the sellurs, who are cruating the heyative lexternality.) Label the Social bptimal output and prite as pe and Qe. on the graph, shade in the uxternality damage at the markat cape output

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