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=1400- 2 10 where P is the price of cable services in $/year 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) = 3000 a) What are Mountville Cable Inc.'s profit-maximizing price and quantity? b) What would be the competitive price and quantity in this market? c) Show the deadweight loss graphically and find its numerical value.