Question 11 0 I 1 P\" Given the negative externality reected in the above graph. 3 per unit pollution tax that results in the optimal output level for society would raise how much in tax revenue? Supporting Materials 9 mummec The area b-c+f_ The area b+c+d. No tax is needed as the free market results in the optimal outcome. The area bc+cl+f+g, Question 10 0 f 1 Pts Given the negative externality reected in the above graphI what can we sayr about the price - output combination that we would get in a free {no govt intervention} market? Supporting Materials p WMPC'HEC The free market would result in P1. Q1 which is optimal from societies' perspective. The free market would result in P1. Q1 which is not optimal from societies' perspective. '9' The free market would result in P2, Q2 which is optimal from societies' perspective. The free market would result in P2. Q2 which is not optimal from societies' perspective. 0 / 1 pts Incorrect Question 7 According to the video, which was not cited as a potential source of acid rain O Refineries O Lightning strikes O Volcanic eruptions Power plants O Crop burningIncorrect Question 5 0 / 1 pts One argument against regulating the pollutants that cause acid rain was that it would make things more expensive for consumers and jobs might be lost. The best economic counter-argument is O Yes - so it is better to ask people and firms to do the right thing so we avoid this negative effect O Yes, but it is best for society to adjust and face up to the full costs of our actions O These taxes will not cost jobs because they will not be sufficient enough to cause such an impact O These taxes will not raise prices because they will be paid for by producers