5.1 a) The firm Gestur has a monopoly on the Swedish market for yeast and meets a demand curve given by P :12-Q where P is price per package in kronor and Q is number of packages. The marginal cost of producing is 0. What is the profit maximizing quantity and price for Gestur? b} How large is the consumer surplus, producer surplus and deadweight loss in a)? Use a diagram as well as numbers. c) Suppose now that a Norwegian company, Jaer, also enters the Swedish market for yeast. Jaer has a marginal cost of 0 as well. Gestur and Jaer act as Cournot duopolists and market demand is as before given by P : 12-Q. How large are profits for Gestur in this case? What is the price per package now? How do consumer surplus and deadweight loss change relative to b)? Use a diagram as well as numbers. C!) Now assume that Gesfur still has MC=O but that Jaer has M022. How is this going to change equilibrium quantities and prices? What is the price per package now and how do consumer surplus and deadweight loss change relative to c)