Could someone provide the answers . Thank you. 1. Assume a market that has an equilibrium price of $4. If the market price is set at $8, which of the following is true ? a. Some surplus is transferred from consumers to producers, causing total surplus to increase . b. All surplus is transferred from consumers to producers , and total surplus stays the same . c. Some surplus is transferred from producers to consumers . but total surplus falls. d. Some surplus is transferred from the consumers to producers , but total surplus falls. 2. If producers strongly object to banning advertising : a. They probably believe it will remove the ability to inform customers. b. The government is less likely to pursue such legislation. c. the government is more likely to pursue such legislation. d. they probably believe it will remove the ability to persuade customers. 3. Once A Monopolistically competitive firm innovates, it is likely that ? a. it will enjoy long-run profits. b. other firms will rush to create similar, highly substitutable goods. c. it will need government protection to earn enough to cover its R&D costs. d. None of these is likely to happen . 4. In the long run, firms in a monopolistically competitive market operate at: a. a more-than-efficient scale . b. a less-than-efficient scale. c. an efficient scale. d. Any of these could be true , depending on the individual firm . 5. Monopolistically competitive firms have an incentive to: a. Maximize profits. b. engage in tactics to differentiate their product . c. engage in tactics for bringing in more customers. d. All of these statements are true