Suppose you are given the following information regarding the market for EDC to be held at a public park: P =450 - 4QD P-Qs + 25 Suppose that the supply equation and MSC are the same and MSB is NOT given. D Question 1 The market quantity is: Question 2 Suppose the socially efficient quantity is Q-200. How can you characterize this externality? Negative Externality Indifferent Externality Positive Externality Normal Externality Given the socially efficient quantity of Q 200, Calculate the value of the tax or subsidy that the government should impose on the supply equation so that the efficient quantity is Q=200. Do not include $. If the solution is negative, include the negative sign. 4251