Market demand in an industry is: P = 191 - 2.5Q. . The industry is currently performing competitively with price equal to marginal cost and LRMC = LRAC = 20. The current output is Q = 68.4 and the current price is Pc = $20 . Suppose a series of mergers monopolizes the industry and results in lower costs such that LRMC = LRAC = 10. Under monopoly, the industry output is Qm = 36.2 and price is Pm = $100.5. . To determine whether the series of mergers benefits society, total welfare under perfect competition and total welfare under monopoly were calculated to be: TW = $5848.2 and TWm = $4914.15. Determine the deadweight loss due to monopoly and the gain from cost savings (i.e. a producer surplus for monopoly). (Be sure to use all the decimal places given in your calculations and round only your final answers.) (a) Deadweight loss due to monopoly. (Round to two decimal places.) (b) Gain from cost savings. (Round to two decimal places.) (c) Calculate the difference between deadweight loss to monopoly and the gain from cost savings (your answers to parts (a) and (b)). (Round to two decimal places.) (d) Calculate the difference between TW, and TWm. (Round to two decimal places.) What do you conclude