Based on the videos we watched in class, what is true about public transit? Question 6 options: It is market with negative externalities and should be taxed to bring us into socially optimal equilibrium. It is market with negative externalities and should be subsidized to bring us into socially optimal equilibrium. It is market with positive externalities and should be subsidized to bring us into socially optimal equilibrium. It is market with positive externalities and should be taxed to bring us into socially optimal equilibrium. In the absence of an externality, taxes will always decrease total surplus. Question 7 options: True False