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QUESTION 7 Using the information contained in the diagram immediately below: A. calculate the consumer surplus at the socially optimal output, B. calculate the producer

QUESTION 7 Using the information contained in the diagram immediately below: A. calculate the consumer surplus at the socially optimal output, B. calculate the producer surplus at the the socially optimal output, and C. calculate the deadweight loss at the free market output. Show your working. Price($) MSC 10 9 OH NWAMONO D=MSB 0 1 2 3 4 5 6 7 8 9 10

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