Question: Hi, I would like some help on the question below: [A local construction company, Fast Construction, operates in a residential neighbourhood and generates a high

Hi, I would like some help on the question below:

[A local construction company, Fast Construction, operates in a residential neighbourhood and generates a high level of noise during its construction activities. The loud noise disrupts the peaceful ambiance of the area, making it uncomfortable for the residents to carry out their daily activities] a) [Without any government intervention, will Fast Construction produce a socially optimal quantity? Why or why not? Explain your answer in 200 words or less with the help of a suitable diagram. (5 marks)] b) [Does Fast Construction impose a deadweight loss on society? Explain in 100 words or less. Use your diagram to show the deadweight loss to society. (3 marks)] c} [How can a government intervene to improve upon the outcome from society's point of view? Explain in 100 words or less. Diagram not needed. (2 marks

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