1124 PM Fri Dec 3 5? 45% I a courses.kpu.ca 3. (13 marks) The Port Coquitlam Electric Company is the sole provider of electricity to the city of Port Coquitlam. The following figure shows the demand and marginal revenue curves for the company, along with the marginal costs and the average total costs. Answers for this question can be approximate, be sure to label the prices and quantities for each outcome. $ a) What will be the equilibrium price and output in the market if Port Coquitlam Electric is not regulated? How much profit will they earn? Firm Output: Profit: If the mayor of Port Coquitlam wants to regulate Port Coquitlam Electric at the highest possible output while still allowing Port Coquitlam Electric to cover its costs, what would be the output, price and profits? Would the mayor need to pay a subsidy? If so, how much? Price: Firm Output: Subsidy (YES or NO) How much