A gas company has marginal cost of producing gas of 2 and a fixed cost of 4. TC of producing Q is 4 + 2Q. The dem for gas is Q=8-p A. It it possible for this gas industry to be perfectly competitive? Explain B. Suppose the. Company is a profit-maximizing monopolist . Find their price, quantity and profit generated. Sketch a monopoly outcome of this market in a diagram C. Now suppose the market is duopolistic and that company A is in direct competition wit comp B under a cournot competition. Both have same MC and fixed costs. Find the production levels and the price in the cournot equilibrium and show that the firms break even