3.2 Price cap monopoly question Imagine a university called Bavis that is the monopoly in the market for economics degrees} with cost~function C(Q) 2 25(22 + 360. Imagine the inverse demand function for economics degrees is p(Q) = 750 SOQ. The government has decided it would ensure that there is no deadweight loss in this market for economics degrees by setting a price cap on Bavis. A. What would be the equilibrium price and equilibrium quantity if the govern- ment did not impose a price cap and Bavis was able to operate as an unregulated monopoly