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Please I need answer for this questions. Please write in the graph Module Four QUIZ Wildowers grant many external benets on society: the benefits they

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Please I need answer for this questions. Please write in the graph

image text in transcribed
Module Four QUIZ Wildowers grant many external benets on society: the benefits they bestow on pollinators and other native specues, Improvmg local ecosystems, and so on. Therefore, the market equilibrium quantity of wildflowers does not equal the socially optimal quantity. The followmg graph plots the demand for wildowers (their private value), the supply of wildflowers (the private cost of producing them), and the socral value of Wildflowers, including both the private value and external benefits. Use the black paint (plus symbol ) to indicate the market equilibrium quantity. Next, use the purple paint (diamond symbol) to indicate the socially optimal quantity. @ -+ Simply (Private Cost) Market Equnlibrium '0 Socially Optimal Level Social Value PRICE OF WILDFLOWERS Demand (Private Value) #

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