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X A - A 1 Normal No Spac.. Heading 1 Heading 2 Font Paragraph Styles As a result of the negative externality, for every given

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X A - A 1 Normal No Spac.. Heading 1 Heading 2 Font Paragraph Styles As a result of the negative externality, for every given output level Marginal Social Cost (MSC) is now higher than Marginal Private Cost (MPC) and is represented by MSC1, as shown below. Keep in mind that the setting is still that of a monopoly. Please indicate on the graph above, assuming an absence of any government intervention to correct the negative externality and adding any necessary curve(s): . The monopoly price P, and the monopoly quantity Q1 under the condition of the (uncorrected) negative externality. (Also indicate, for comparison purposes, the original monopoly price Po and monopoly quantity Qo.) The Socially Optimal output, Qso1. . The resulting Consumer Surplus CS1, the resulting Producer Surplus PS1, and the size of Dead-Weight Loss DWL, if there is such a loss. . (No need to show the economic profits earned by the monopolist and/or to add any curves necessary to graphically show such profits). MSC1 P MPCM O Do Q O O O

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