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Use the following information to answer the questions below.You are an advisor to a teaching hospital.The marginal private benefit to consumers of an inpatient day at this hospital is MPB = 1000 - 4Q and the marginal private cost is equal to $200. -Find the equilibrium price and quantity in the private market.

Use the following information to answer the questions below.You are an advisor to a teaching hospital.The marginal private benefit to consumers of an inpatient day at this hospital is MPB = 1000 - 4Q and the marginal private cost is equal to $200.
-Find the equilibrium price and quantity in the private market.

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