When graphing do you use the market demand and market consumption curve or the market price curve and if so how does that efftc

2. Consider the following market for a private good, where Anne and Beverly's inverse demand curves are given by Pa = 500 - Q Pa = 500 - 2Q The marginal cost of this good is MC =2Q (a) Calculate the market demand curve 2 points. (b) Depict this market graphically. 3 points. () Calculate the market price and quantity that will be produced, assuming this market is perfectly competitive. 3 points. (d) Argue that this outcome is Pareto Efficient. 2 points. (e) Suppose instead that this good is a pure public good. Costs and utilities are the same. What would the outcome of private pro- vision of this good be in that case? 5 points. (F) What would the efficient level of production be in that case? 5 poms