LiteLoom is the monopoly producer in the market for bottled sunlight. Demand for the good is given by P = 2000 - 5Q and The firm's total cost is TC = 500Q + 140,000. Solve the equilibrium price and quantity of sunlight sold in the market. (2) Solve for the firm's profit. (1) Solve the dead-weight loss caused by the monopolist. (1) The government is concerned about LiteLoom exerting monopoly power, so they place an excise tax of $120 on each unit of sunshine sold. Solve the new equilibrium price and quantity with the tax in place (2) Solve the new profit for the firm (1) Determine the total tax revenue received by the government (1) The world price for sunlight is $1,150, and demanders could import bottled sunlight at that price. LiteLoom decides to lower the price to the world price. Solve the new profit for LiteLoom if they are forced to satisfy demand at the world price.(2) The government decides that the world competition is causing hardship in the market for sunshine, and adds a tariff of $110 on each unit of imported sunshine. Is the new world price higher