The cattle farms in Florida that produce beef products produce cattle manure as a byproduct, storing tons of waste in open ponds until bacteria can break it down and make it safe for use as fertilizer. People living near the cattle farms complained of odors, health problems (respiratory problems and increased bacterial infections), and contamination of drinking water after flooding occurred. Assume that these equations give the market (reverse) demand and supply of beef. (Demand) P = 14.3 - 0.05Q and (Supply) P = -2.2 + 0.025Q The marginal external cost of hog production is MEC (Q) = 0.008Q, where Q is the quantity of beef (million kg) and P is the price of beef ($/kg). c. If no intervention occurs, what will be the social loss from the hog waste pollution? Calculate the social loss and show it on the diagram. d. Discuss at least two kinds of government interventions that could lead to the socially optimal solution being achieved. Be sure to explain each policy and how it would work to address the