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Suppose a market is described by the following demand and supply equations: QD=180−3PQS=2PQD=180−3PQS=2P A

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Suppose a market is described by the following demand and supply equations:

QD=180−3PQS=2PQD=180−3PQS=2P

A. Solve for the equilibrium price and equilibrium quantity.

Suppose that the production of this good produces a negative production externality. The supply curve given above represents the private cost of producing this good. Suppose that production of this good produces a negative externality valued at $15 per unit.

B. Solve for the socially optimal price and quantity.

C. What is the deadweight loss resulting from the negative production externality?