Just 31 and 34 please

Question 31 (6 points) ATC MC $19 16 13 10 D MR 0 100 160 180 210 Quantity Refer to the diagram for a monopolistically competitive firm In short-run equilibrium. This firm will realize an economic profit/loss [choose one) of = $ Blank 1: Blank 2: Question 32 (4 points) In long-run equilibrium, a monopolistically competitive producer achieves Oa allocation efficiency but not productive efficiency. Ob productive efficiency but not allocation efficiency. OC both productive efficiency and allocation efficiency. Od nelther productive efficiency nor allocation efficiency. Question 33 [4 points] Oligopoly is more difficult to analyze than other market models because 0 a the marginal cost and marginal revenue curves of an oligopolist play no part In the determination of equilibrium price and quantity. Ob of mutual Interdependence and the fact that oligopoly outcomes are less certain than In other market models. O c unlike the firms of other market models, It cannot be assumed that oligopollsts are profit maximizers. O d the number of firms is so large that market behavior cannot be accurately predicted. Question 34 (8 points] Beta's Price Policy High Low A $30 $40 High Alpha's $30 $20 Price Policy C D $20 $25 Low $40 $25 Refer to the payoff matrix to answer the following questions. Profits/Payoffs are listed In dollars Inside the matrix squares. A) With Independent pricing In a one-time game, which payoff square (A-D) will be the outcome? Is this an example of Prisoner's Dilemma? Please describe each player's Best Responses, and explain whether each player has a Dominant Strategy. Use the profits listed for each player to explain. Is this outcome an example of a Nash Equilibrium? Explain using the payoffs for each player. (5 points) B) If these firms made a collusive agreement, which payoff square (A-D) would be the outcome? Is this outcome a stable one? Why or why not? Again, use the profits listed to explain your answer. (3 points]