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An analyst is trying to determine the net social benefits generated by the city's public swimming pool. At the current admission price of $2.00, 800

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An analyst is trying to determine the net social benefits generated by the city's public swimming pool. At the current admission price of $2.00, 800 individuals visit the pool annually. The total cost of the pool is $2000 annually. Thus, the pool runs a deficit of $400. The demand function is: Q=(4000/3)-(800/3)*P What would be the net benefits at the current admission price of $2.00? (Hint: First, to find gross benefits at $2, you need to add the consumer surplus to the revenues collected from the admission fee. Next calculate net benefits.) $1200 -$800 $800 $2800

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