1) Suppose that Mountville Cable Inc. has a monopoly in the market for cable services in the town of Mountville. The demand function for cable services in Mountville is given by P=14009 10 where P is the price of cable services in $fyear and Q is the quantity of cable services in Mountville, measured in number of households with cable. The cost function for Mountville Cable Inc. is C(Q) = 3009 a) What are Mountville Cable Inc.'s prot-maximizing price and quantity? b) What would be the competitive price and quantity in this market? c) Show the deadweight loss graphically and nd its numerical value