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please solve below image. 2 (16 points) Answer the next few fill in the blank questions based on the figure below where MB Jvotes marginal

please solve below image.

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2 (16 points) Answer the next few fill in the blank questions based on the figure below where MB Jvotes marginal benefit (private and social), MC denotes marginal cost (private), and MSC denotes Marginal Social Cost of producing a good. MSC Price, cool, and benefit (data MC D - MB 70 80 100 Quantity (units) AlQ points) Which type of externality does this depict? (positive or negative) B) (4 points) The competitive market will produce units at a price of ( (4 points) The socially optimum level of output is_ _units at a price of D) (4 points) The competitive market results in a dead weight loss of E) ( points) What kind of government intervention can result in the socially optimum outcome? A tax or a Subsidy

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