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Can you please explain why a) and c) are TRUE? A54 The demand function for a monopolist is Q = 16 - P and the

Can you please explain why a) and c) are TRUE?

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A54 The demand function for a monopolist is Q = 16 - P and the cost function is C(Q) = 6Q a) The optimal production of the monopolist is Q-5. F T 2 ECON1001 b) The perfectly competitive price would be P=6 if all the competitors had the same costs as the monopolist. T The deadweight loss from monopoly is 12.5. J

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