KING hoppoon that the collider phone market is serviced by a monopolist Consumers' preferences in this market are summarised by P= -72-q+830 50 06 The monopolist has the following murginal cont function MC() = 125+29 q Thi consumers" preferences above are summarised in the form of an Durand function Inverse Demand function What is the optimal quantity the monopolist will supply the market Gril and what is the price the monopolist will set What we the profes nocum dated by the monepoint Now suppose the market is supplied by perfectly competitive firms with the same aggregate cost structure as the monopolist What in the opfand parantity the perfect competitive industry will output and what is the prevailing price Whati've's profes secureated by the perfectly compesthe industry What is the core mar ummin under monopoly Whatin the monopond producer burplas What h the conorper putin archer purfect companion MacBook Air