Question 23 0 / 4 pts Use the following competitive market diagram for product Z to answer the question below. S1 Price B D1 G Quantity Assume that the current market demand and supply curves for Z are D1 and S1. If there are substantial external consumption benefits associated with the production of Z, then the socially optimal allocation will beQuestion 24 0 / 4 pts Use the following supply and demand graph to answer the question below. S1 QI- Price F D2 E D1 0 A B C Quantity S1 and Dj represent the current market supply and demand, respectively. D2 represents the social demand curve that includes external benefits. What is the private market level of output?Question 26 0 / 4 pts The Coase Theorem suggests that negotiations to eliminate an externality allow the resource to continue to benefit everyoneQuestion 27 0 / 4 pts Asarta Inc. is polluting into a nearby fishing; eliminating that pollution would cost them $20,000 a year. The fishermen are unhappy as their trout are dying off. Typically, the fishermen can catch trout and sell it to a local market where they can earn about $18,000 a year. Currently, the fishermen have the rights to use the stream as they see fit. Which of the following is an optimal solution according to the Coase Theorem