(7 marks) Giant Electricity is the only electricity provider in the City. An economist estimates that she is facing a demand with an elasticity of 2.5. She operates with a cost function of C=30+18Q. a. Find the Lerner Index facing Giant Electricity. Using this to find the price she should charge. (3 marks) b. Explain TWO reasons why a monopoly like Giant Electricity creates deadweight loss. (4 marks)