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You are undertaking a contingent valuation study to determine the social damages from pollution at a beach, which is caused by a local factory. 1. Identify at least two groups of people that you would like to target when undertaking the survey. Explain why this is a normative decision. 2. When designing your survey, which elicitation method would you choose? Explain your reasons for this choice. After completing your study, you identify that there are two groups of people, with a different willingness to pay (WTP) to remove the pollution. Group 1 has 80 members, with a WTP of $50 each. Group 2 has 200 members, with a WTP of $10 each. Suppose that it costs a total of $5,600 to clean up the pollution. Assume that these costs would be paid for by a head tax (where everyone pays the same amount). 3. Is there a pareto improvement? Is there a potential pareto improvement? Explain. 4. What is the efficient outcome? Identify the normative assumption behind your