Please answer only part b Thank you A) Using demand and supply diagram, describ and discuss positive externality inproduction of a product/service. In your scussion, explain why the existence of apositive externality leads to inefficiep y.B) Consider your answer in part (a), discuss two methods that the government mayuse to intervene in the market to eliminate the market inefficiency. In yourdiscussion, explain which method is preferred.

According to efficient markets, prices at any one time reflect all available information about a…

) Using demand and supply diagram, describ and discuss positive externality in production of a product/service. In yourscussion, explain why the existence of a positive externality leads to inefficiep 3) Consider your answer in part (a), discuss two methods that the government may use to intervene in the market to eliminate the market inefficiency. In your discussion, explain which method is preferred.