2. Demand for anvils can be represented by the following P =60 - 0.5Q. Production entails a constanf $6. There are no fixed costs. a) Assume that anvils are produced in a|perfectly competitive Jindustry. What is the|equilibrium | (consumer surplus Jand quantity of anvils? At what price will they be sold? Calculate the producer surplus. b) A federal investigation reveals that most companies produce rubber anvils, which cause no harm when dropped upon cartoon characters. As such, these companies are forced out of business, leaving Acme Anvils with How many anvils will Acme sell? At what price? c) Calculate the consumer surplus, producer surplus, an part (b). d) Explain intuitively why society is hurt by a monopoly. (That is, explain why there is a deadweight loss. Simply saying that there is a deadweight loss is not a correct answer.)