1.) Consider a monopolist with demand q = 120- 2pand marginal costMC= 40. Determine the firm's price and quantity under uniform pricing.

a.) p=40; q=30

b.) p=45; q=40

c.) p=50; q=20

d.) p=20; q=40

2.) Consider a monopolist with demandq= 120- 2pand marginal costMC= 40. Determine the firm's profits under uniform pricing.

a.)200

b.)150

c.)300

d.)100

3.) Consider a monopolist with demandq= 120- 2pand marginal costMC= 40. Determine the producer surplus under uniform pricing.

a.) 300

b.) 150

c.) 200

d.) 100