Suppose a factory emits gunk(pollution) into a river when producing output. The marginal benefit(MB) of gunk abatement to society is

MB=300Q.

Unfortunately, the government does not know the true marginal cost of gunk abatement. Suppose the expected marginal cost(EMC) of gunk abatement is

EMC=1Q;

however, unknown to thegovernment, the actual marginal cost of gunk abatement ishigher:

MC=1Q+60.

Suppose using the expected marginal cost the government imposes an emissions standard to achieve what it believes to be the social optimum. What is the market deadweight loss , given the actual marginal cost of gunkabatement?

Deadweight loss from the emissions standard is $....................... (Enter a numeric response using a real number rounded to two decimalplaces.)

NOTES:

Please solve and explain your solution, show all the steps. Do not copy from other solutions. Thank you.