2. Continuing to use the market demand curve provided in #1, now suppose this market was made up of 4 identical price-taking firms EACH with the following marginal costs. Quantity ____ MC a. What would be the equilibrium price and quantity in this market? b. How much prot will each firm receive? 3. Now compare the monopoly outcome to the price-taking (perfectly competitive) outcomes. a. How does the monopoly price compare to the price-taking rm price? b. How does the monopoly quantity compare? c. In which market structure would there be more profit for the seller(s)? d. In which market structure would the consumer Surplus be greater? e. Which market structure has deadweight loss