how would you find a subsidy for this and what would consumers and producers exchange at a price floor of 8$. and does the price floor correct market failure. please describe and go into depth every part of answering this

FRQ 1 Practice \"Notethis question will look more like a combination of some of these questions 1. Modern-day word processing software gives consumers the ability to create and save documents in different file formats that can then be accessed by multiple computer operating systems. The graph below depicts a perfectly competitive market for word processing software. In the graph, MSB is the marginal social benet, MPB is the marginal private benet, MPC is the marginal private cost, and MSC is the marginal social cost. | | 0 8 16 24 32 Quantity a. Identify the type of market failure illustrated by the graph. Explain. 1 point(s) earned for: stating positive externality, and for explaining that either marginal social benet is greater than marginal private benet (MSB>MPB) or the equilibrium quantity is less than the socially optimal quantity. b. Using the numbers on the graph, identify the market