Week 3: Work Sheet [Steel Company VS Downstream Community] Price of Steel A D E Q" (Society) Q (Private) Quantity of Steel ProductionPre-Negotiation Setting Q1. Find the size of Net Benefit ( Benefit - Cost) without any Negotiation Steel Company Society Net Benefit if Produced at 0* [Private) Net Benefit if Produced at Q"( Private] Net Benefit if Produced at Q* (Society) Net Benefit if Produced at Q (Society) Which level of output does Steel Company Which level of output does Community Prefer? Prefer? (Q*(Society) OR Q* [Private)) (Q*(Society) OR Q* (Private))