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2. Suppose that inverse market demand for a good is P = 240 - Q / 2 and it is served by a monopolist with total cost T C = 1000 + 40Q (therefore AC =1000 / Q + 40 and MC = 40). a. Calculate the profit-maximizing price and quantity of the monopolist. Q =50.p= 140 b. Calculate the average cost at the profit-maximizing quantity of the monopolist. 50,040 c. Calculate the competitive price and quantity. Q = 100. p = 40 d. Calculate deadweight loss. 2500 e. Suppose the government imposes a price regulation on the monopolist, requiring it to charge P= MC. What would the new profit-maximizing quantity be? i. What is the average cost at this new profit-maximizing quantity? 100,040 ii. What profit (or loss) is the monopolist making at this new profit-maximizing quantity? 2600 iii. Calculate deadweight loss. 2500 f. Suppose the government imposes a price regulation on the monopolist, requiring it to charge P= AC. What would the new profit-maximizing quantity be? i. What is the average cost at this new profit-maximizing quantity? ii. What profit (or loss) is the monopolist making at this new profit-maximizing quantity? iii. Calculate deadweight loss