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l. XYZ corporation is a monopolist of Widgets. The annual inverse demand unction for widgets is P(Q) = 1000 5Q. XYZ's annual cost fuction is

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l. XYZ corporation is a monopolist of Widgets. The annual inverse demand unction for widgets is P(Q) = 1000 5Q. XYZ's annual cost fuction is C(Q) = 40062 + 5622. 1. What is its protmaximizing price and quantity sold? 2. What is the deadweight loss from monopoly pricing? 3. What specic tax or subsidy on Widget sales could the government set that would eliminate this deadweight loss

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