Q2. Merchant Ships and Negative External Effects of the ICJII Spill in Mauritius {ES} [14 marks] Consider the market for merchant ships. Read the following key article and the relevant weblinks contained within: .u a] Based on the cited readings [links contained within the key article]: construct a table and summarise the key benets and extemal environmental costs of merchant ships. [suggestiom 25d words or less] [2 marks for identifying key benets and external costs] b} Based on Module E3, draw a relevant diagram to illustrate and explain the negative production extemality of merchant ships. Label your axes and curves carefully and use hypothetical numbers in your diagram. Assumeas CURE ESPP Unit 11 doesthat the market is competitive. [suggestiom 4m] words or less] [3 marks for diagram + 3 marks for quality of explanation]