1 Government Intervention on Monopoly Gasfrom(a counterfactual firm) is a monopolist in the Liquefied Natural Gas(LNG) market in Freezeland. Freezeland government is worried about overly strong market power Gasfrom has. In order to fix the problem, the minister orders you to compare different government policies. Before making a comparison, you found out that the true demand for LNG in Freezeland is P = 26 - q and supply (or marginal cost) of production is P = 2 + 2q. Based on this results, answer the following questions. (5 point for each, total 30 points) 1.1 Equilibrium Derive the equilibrium price and quantity. After then, compute consumer, producer, and total surplus in equilibrium. 1.2 Monopolistic outcome Based on the demand function, the computed marginal revenue of the monpolist is P = 26 - 2gd. Find out the profit maximizing quantity and price of the monopolist. After then, compute consumer surplus, producer surplus, and deadweight loss