13. Monopoly: Consumer surplus and deadweight loss. Suppose the \"ride for hire\" industry in Winnipeg was initially perfectly competitive, but an international ride sharing company (Uber) entered the market and soon had a monopoly on the market. Assume that the old companies together and Uber have the same marginal cost curve. The following diagram represents the demand, MC and MR curves for the market, with P being average price per typical trip and (1 being number of trips per hour. P S? on EH6. = Supply Under P: $4.00 $3.00 52.50 D a 30 so CI Based on the diagram: a. What was the initial equilibrium price and quantity of a typical rideftrip [under perfect competition]? b. What was is equilibrium price and quantity of a typical rideftrip once Uber takes over the market? c. Calculate the consumer surplus under perfect competition and under Uber's monopoly. ls consumer surplus higher or lower under monopoly (given our assumptions)? d. Suppose the government could regulate the cost per ride charged by Uber. What policy might the government implement in case of Uber's monopoly, to