1. Draw a generic marginal private benefit and marginal private cost curve for the recreational center and show the market equilibrium price and quantity, labeled P_e and Q_e.

1. The marginal private cost (labeled MPC) and marginal social cost (labeled MSC) of the good

1. Label the quantity produced by the market Q_m

1. Label the socially optimal level output Q_s

1. Show the area of deadweight loss