Assume the production of the product shown in the graph above imposes a cost on society of $7 per unit. If the free market equilibrium output is 50 units, the government should a Impose a tax of $2.50 per unit b Increase the output of the firm by 25 units c. Impose a lump sum tax of $350 per period d Impose a tax of $7 per unit e. None of the above Price Social Cost Supply (Private Cost) P2 Po Demand Q1 Quantity of Concerts