1.Upon the the following answer choices, which one is valid / true of market social equilibrium as when having in mind third parties, the people outside the market for a good, have part of / in the cost of the good's production?

a.The socially optimal price will be greater than the private price, and socially optimal quantity will be less than the private quantity.

b.The socially optimal price will be greater than the private price, and socially optimal quantity will be greater than the private quantity.

c. The socially optimal price will be less than the private price, and socially optimal quantity will be less than the private quantity.

d. The socially optimal price will be less than the private price, and socially optimal quantity will be greater than the private quantity.

e.The socially optimal price will equal the private price, and socially optimal quantity will equal the private quantity.

2.

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