Suppose the equation for the demand curve in a market is P=100 - 1.5Q. Also, suppose the equation for the supply curve in the same market is P=0.5Q. Suppose there is an external cost of $20 associated...

Q6

Extracted text: Suppose the equation for the demand curve in a market is P=100 - 1.5Q. Also, suppose the equation for the supply curve in the same market is P=0.5Q. Suppose there is an external cost of $20 associated with the production of each unit of the good. What is the socially optimal quantity, and what is the price at this quantity? P=$25 Q=50 p=$2 Q=44 P=$40 Q=40 P=$31 Q=46