Help answer this question using concepts like externality, external cost and benefit, deadweight loss, corrective tax, Coase theorem, excludable, rival in consumption, private and public goods, common resources, free rider problem cost benefit analysis, the tragedy of the commons, total revenue and cost, explicit and implicit costs, production function, marginal product, law of diminishing marginal product, fixed costs, variable cost, average total cost, average fixed and variable cost, marginal cost, efficient scale, long run and short run, economies of scale, diseconomies of scale, competitive market, average revenue, marginal revenue, shutdown and exit, and sunk cost.

Topic B Problem: Studies have shown that people have a high value for beautiful architecture, so why is it often underprovided? What are some solutions to increasing the supply of beautiful architecture to the socially optimal level? Topic