ofes Tob Window Help ( Quiz: Exam #2- Unit B- Writh ses/44090/quizzes/217998/take Figure 10-8 Illustrates a market with an externality. Define the following: 1. What is the Equilibrium Price of the concerts. 2. What is the Equilibrium Quantity of the concerts. 3. What is the Optimal Price of the concerts. 4. What is the Optimal Quantity of the concerts. 5, Is this a positive or a negative externality ? (single word andwer-positive or negativel 6. What is the value of the externality ? (number no dollar signs or decimals 7. What is the proper action to correct the Externality: Tax or Subsidy [tax or sturdy! 8. What is the value of the corrective tax or subsidy applied to correct the externality ? 17 itv MacBook Pro