In a monopolistically competitive industry each rm minimises the cost per unit in the long run 0 rms can make positive prots in the long run 0 there is always too much entry from a welfare perspective, because costs are not minimised in the long run 0 there is always too little entry in the long run, from a welfare perspective 0 rms supply a quantity at a price equal to marginal cost 0 none of the above A monopolist faces a demand curve given by P = 30-Q and has constant marginal (and average cost) of $16. What is the economic prot made by this prot-maximising monopolist when practicing perfect price discrimination? [Round your answer to 2 decimal places where necessary] A single price monopolist faces a demand curve given by P=lOO-Q and has constant marginal (and average cost) of 50. What is the value of the deadweight loss generated by this monopolist? [Round your answer to 2 decimal places when necessary]