h. Is the total external cost (TEE) higher, the same, or lower when there is a production cap at 150 tons of sulfuric acid (with T5 tons going to each firm) compared to when Cherntrade and Marsulex are allowed to trade the production permits amongst themselves? Explain. [Even though graphs are not necessary to answer this question, you may find it helpful to draw two graphs similar to the graph thatyou drew in part EL, one with a canstantMEC and one with an increasing MEG] i. In the presence of increasing MEC, does allowing firms to trade permits lead to a Pareto efficient allocation? Explain