Question: Hi, may I know how to solve this question? Consider the education market of a country which is perfectly competitive. The demand equation for education

Hi, may I know how to solve this question?

Consider the education market of a country which is perfectly competitive. The demand equation for education is given by P = 14 - 2Q and the supply equation of education is given by P = 2 + Q. (i) Assume that education is able to generate a positive external benet of 3 per unit. Examine the education market and explain why the market is inefficient. Compute the deadweight loss and support your answers with an education market diagram

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