1. Monopoly Market. (10 points) Consider a monopolist's demand curve: q = 2400 - 2p and a total cost curve or: TC = 800 + 600q (a) Invert the demand function. (b) Assume the monopolist chooses quantity first. Find the equilibrium quantity, price, and profit. (c) What if the monopolist acted as if she were competing in a perfectly competitive market? Find the equilibrium quantity, price, and profit. 2. Calculating Welfare Levels. (10 points) Consider a monopolist Linear inverse demand curve: p = 30 - q and a total cost curve of: TC = 10 + 2q^2 (a) Assume the monopolist chooses quantity first. Find the monopolist's equilibrium quantity, price, and profit. (b) Calculate Consumer Surplus, Producer Surplus, and Welfare in a monopoly marketing setting. (c) Suppose that the monopolist acted as if she were in a perfectly competitive market. Find the monopolist's equilibrium quantity, price, and profit. (d) Calculate Consumer Surplus, Producer Surplus, and Welfare in a perfectly competitive market setting. (e) Calculate the Dead Weight Loss