he market for paper in a particular region in the united states is characterized by the following demand and supply​ curves: and where qd is the quantity demanded in​ 100-pound lots, qs is the quantity supplied in​ 100-pound lots, and p is the price per​ 100-pound lot. currently there is no attempt to regulate the dumping of effluent into streams and rivers by the paper mills. as a​ result, dumping is widespread. the marginal external cost​ (mec) associated with the production of paper is given by the curve . part 2 a. calculate the output and price of paper if it is produced under competitive conditions and no attempt is made to monitor or regulate the dumping of effluent. ​(enter your responses rounded to two decimal places.​)