Question 6 2 pts [Animal House] At Faber College, fraternity parties are thrown by the notorious Delta House according to the supply function P = 6Q5. The demand for fraternity parties is given by P = 300 - 4Q. Some students hate the noise caused by the raucous parties: there is a negative production externality associated with these parties with marginal damage MD = 2Q, where Q is the number of parties. Hint: while no graphs are required for this question, you may find it helpful to draw them anyway. How many fraternity parties are held at Faber? D Question 7 2 pts [Animal House] What is the socially optimal number of fraternity parties