PLEASE DRAW ON PAPER!!!!!!!!!!!!!!!!!!!!!!

Question $1(1$ point$)$: Please draw the graph for a negative production externality.$$ Is total surplus maximized via an unregulated competitive market?$$ How might total surplus be increased by government policy? In other words, how might the number of mutually beneficial transactions be decreased and hence DWL decreased.$$ Please explain in words and with an appropriate graph.

Question $2(1$ point$)$: Please draw the graph for a positive consumption externality.$$ Is total surplus maximized via an unregulated competitive market?$$ How might total surplus be increased by government policy? In other words, how might the number of mutually beneficial transactions be increased and hence DWL reduced.$$ Please explain in words and with an appropriate graph.

Question $3(1$ point$)$: Please draw the standard Public Goods graph and compare the resulting equilibrium with that of an unregulated competitive equilibrium for a Private Good.$$ How do the number of mutually beneficial transactions differ?

Question $4(2$ points$)$: Please redraw your graph from Question $3.$ Is total surplus maximized via allowing an unregulated competitive market?$$ How might government policy increase total surplus?$$ Please explain in words and with an appropriate graph.