The drainage of waste products from the chemical factory, Ultra Chemicals, situated along the banks of the Misty River h

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The drainage of waste products from the chemical factory, Ultra
Chemicals, situated along the banks of the Misty River has led to
the formation of a dead zone in the river that cannot support
aquatic life
a. Without any government intervention, will the Ultra Chemical
produce a socially optimal quantity? Why or why not? Explain your
answer in 200 words or less with the help of suitable diagrams. (5
marks)
b. Does Ultra Chemical impose a deadweight loss on the
society? Explain in 100 words or less. Draw the diagram to show the
deadweight loss to the society. (3 marks)
c. How can a government intervene to improve upon the outcome
from society’s point of view? Explain in 100 words or less. Diagram
not needed. (2 marks)