Demand, Supply, and Externalities DEMAND SUPPLY Output Marginal Private Benefit (MPB) Marginal Social Benefit Output Marginal Private Cost (MPC) Marginal Private Cost minusSubsidy 1 $1,000 $1,200 1 $nbsp 600 $nbsp 400 2 $900 $1,100 2 $nbsp 700 $nbsp 500 3 $800 $1,000 3 $nbsp 800 $nbsp 600 4 $700 $900 4 $nbsp 900 $nbsp 700 5 $600 $800 5 $1 comma 000 $nbsp 800 6 $500 $700 6 $1 comma 100 $nbsp 900 Part 2 In the table above, the smart choice for society would be an output of enter your response here units