I need help with these questions please!

1. The inventor and manufacturer of Drug X has a patent on this medicine, but the patent will expire soon. Use the supply-and-demand model to explain verbally and illustrate graphically how the equilibrium price and quantity of drug X will change when the patent expires and other firms start producing and selling it. (8)2. You invented and patented a new household energy system that is super Jel eicient and powerful. There is nothing else like it! The graph below represents your cost and revenue conditions: P ATC 3000 2000 1000 I) Q Your 1' energy 5 stem 500 1,000 1,500 2,000 3' a. What price and quantity of energy systems will maximize your prots? State below and show on the yaph. (4) Q: P: b. How much deadwelght loss is caused by the patent giving you monopoly status to produce this energy system? Calculate below and show on the graph (shade or outline Sc label it \"DWL). (3) 3. You own a firm that produces frozen single-serve meals. There are many other firms producing similar, but not identical frozen meals. Your firm's cost and revenue conditions are depicted below. MC P ATC $3 $2 $1 -y D MR 10,000 20,000 30,000 Q your frozen meals 40,000 a. What type of market are you operating in (which market structure)? (1) b. Will your firm produce the allocationficient amount of output? Use the graph above and explain verbally. (3)4. Suppose that the doodad market has only 5 firms, each of which has 20% market share. a. What market structure is this? (1) b. If two of the firms in this market merge to form one firm with 40% market share (and the other three firms each maintain their 20% market share), how will concentration in the doodad market, as measured by HHI, change? Show the necessary calculations and explain if this merger would cause the DOJ change their "rating" of the level of market concentration? (3)EXTRA CREDIT: National Football League (NFL) quarterback Colin Kappernick (who started taking a knee during the national anthem to protest police shootings of African American men) was released from his team and has not been hired by any other NLF team. He filed a grievance accusing the NLF team owners of colluding to not hire him. What is the economic term for when there is only one organization or firm that hires a particular input (such as quarterbacks)? (1)