a)Given the costs of this firm and the demand curve as in the graph above, explain the most likely reason that Sydney Water Management has a monopoly? (10 marks)

b)What are the profit maximizing level of output and price? Calculate the profits and deadweight loss. Show your work

, Ronish 1/21 answered Time Remaining: 160m 54s UNSAVED ANSWER - Please save all ansv estions that you save can still be edited. SAVE ALL ANSWERS QUESTION 3: 20 Total Marks Sydney Waste Management has a monopoly on the garbage pickup market in Sydney. Sydney Waste Management's costs are shown below. 20 MC AC MR 10 12 14 16 18 20 Q Q3-a a) [10 marks] Given the costs of this firm and the demand curve as in the graph above, explain the most likely reason that Sydney Water Management has a monopoly H - =Y BiA X X 2. = = 46 X Proctorio is sharing your screen, Stop sharing dide