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This Question: 2 pis This Test: 30 pts Time Remaining: 01:10:34 The graph illustrates the unregulated market for pulp and paper. The pulp and paper Price and cost (dollars per ton) mills dump their waste in a river that runs through a small town, 810 The marginal external cost of the dumped waste is equal to the marginal private cost of 720 producing the pulp and paper (that is, the marginal social cost of producing the pulp and paper is double the marginal private cost). 630 Suppose the pulp and paper mills own the river. Draw a point to show marginal social cost if production is 120 tons. Label it 1. Draw the MSC curve and label it. Draw a point to show the quantity of pulp and paper produced and the marginal social cost at this production point. Label it 2. 120 150 Quantity (tons per week) > > Draw only the objects specified in the