Inverse demand for a product is given by P = 1,500 - 0.5Q_d, while inverse supply is given by P = 300 - Q. The product is generating external marginal benefits equal to $1,000 at every price level. Graph this information. Based on the information, does this product generate a negative or positive externality? Identify any deadweight loss.

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The Answer of Inverse demand for a product is given by P = 1,500 - 0.5Q_d, while inverse supply is given by P = 300 - Q. The product is generating external marginal benefits equal to $1,000 at every price level. Graph this information. Based on the information, does this product generate a negative or positive externality? Identify any deadweight loss.

Inverse Demand for a Product Is Given by P =