\fGeorgy's Wells has a monopoly over the supply of water to the small town of Alphaville. Inverse demand for water in Alphaville is given by the equation, P = 48 - 2000 The cost of supplying water is, 02 TC = 2000 The demand, marginal revenue and marginal cost curves for Georgy's Wells are illustrated in the figure above (not drawn to scale). Use the information provided to answer the following questions: i. Which of the following functions describes the monopolist's profit? [ Select ] 02 a. II = 480 - 1000 b. II = 48Q 1000 02 c. II = 48Q - 2000 O d. II = 48 - 1000 ii. The monopoly quantity is [Select ] iii. The monopoly price is [ Select ] iv. The monopolist's producer surplus is illustrated in the figure above as the area(s) [ Select ]