May I have the correct answers to questions 4 and 5 please?

BaSIC MICI'OGCOIIOIIHCS 43 b. What is the equilibrium price and quantity of hangers if the market is monopolized? c. What is the deadweight or welfare loss 4. Let the market demand for Widgets be of monopoly in this market? described by Q = 1000 SOP. Suppose further that widgets can be produced at a constant average and marginal cost of $10 per unit. a. Calculate the market output and price under perfect competition and under monopoly. b. Dene the point elasticity of demand 8D at a particular price and quantity combination as the ratio of price to quantity times the slope of the demand curve, AQ/AP, all multiplied by l. . P A . That 1s, 17D = Ag' What IS the elasticity of demand in the competitive equilibrium? What is the elasticity of demand in the monopoly equilibrium? c. Denote marginal cost as MC. Show that in the monopoly equilibrium, the fol- lowing condition is satised: P MC 1 P "D 5 . Suppose that the inverse demand for clothes hangers is given by: P = 3 Q/16,000. Suppose further that the marginal cost of producing hangers is constant at $1. a. What is the equilibrium price and quantity of hangers if the market is competitive