1. A monopolist faces the following demand curve: P = 1200 - 3Q, its total cost is given by: TO = 500 + Q2. If it is a non-discriminating (one price for all) monopolist, what is its profit maximizing price and quantity? How much is the profit? How much are consumer surplus, producer surplus and dead-weight loss? Compare these to the efficient outcome where the social surplus is maximized.1. Monopolist's profit maximizing Q = 150, P = 750, profit * = 89500. CS = 33750, PS = 90000, dead-weight loss = 20250. In the efficient outcome, Q = 240, P = 480, profit