Question: Consider the market monopolized by Philly Bells in Question 3. Calculate thedeadweight loss generated by the monopoly, relative to efficient production. Consider the market for

Consider the market monopolized by Philly Bells in Question 3.

Calculate thedeadweight loss generated by the monopoly, relative to efficient production.

Consider the market for solar panels, which are produced by a monopoly. Themarginalcost of producing solar panels is MC = 40 + 2Q, and the demand functionfor solar panels is P = 440 — Q0. The total cost curve is:

TC= 30,000 + 40Q + Q2 Calculate the optimal quantity and price as well as the profit, and then graph andlabel MC, AC, P, Q, and profit.

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