Please can you help me with QUESTION C ONLY. The information above is needed to answer the question. Please can you explain all the steps you take in getting the correct answer and please reference and point out any economic models that you use . Thank you very much for your help, I will leave a fantastic review. Thanks Again for your time :) I HAVE ALSO INCLUDED THE ANSWER TO QUESTION B TO HELP OUT AS IT IS NEEDED SO IT SHOULD BE EASY TO ANSWER. (THE YELLOW IS ANSWER TO QUESTION B)

P 10 a P = 10+C 2 C d e p- 10+3C 4 C MC Demand MR O '0- C 30-3C Q 10 2 4 Given the demand is P= 10 - Q = Total Revenue is TR = P. Q = 10Q- Q2 => Marginal Revenue is MR = 12Q = 10-2Q At the optimal condition , MR = MC = 10-20 = C => The optimal quantity is Q - 10 - C 10 + C 2 , optimal price is P = 2 Suppose the price ceiling is P =- 10+ 3C Vote 10+3C 10 - C 4 , since P* - P = Ta 4 = 4 70 => p* > P = The quantity sold under price ceiling is Q = 10 - 10+3C 30- 3C 4 4 Before Atter Change CS ab abcde + cde PS catq j fihjkl Total abcdj gv abcdefghjkl thel Therefore , the price ceiling beneficial to the welfare of the market .Consider a monopoly that faces a liner demand function equal to P = 10 Q, where Q is the quantity demanded by the market at price P. The monopolist incurs constant marginal costs of production equal to c, 10 > c > 0. a. Derive and describe the quantity and price that the monopolist would choose to maximise prots. Does the monopolist's choice generate a deadweight loss? Provide a graphical representation of this market equilibrium. [10 marks] \"I\". What is the quantity sold by the monopolist after the introduction of the price ceiling? Is the price ceiling benecial to the welfare of the market? Support your answer with economic intuition and a diagram. [15 marks] c. Suppose that, instead of the price ceiling, the govcmment is considering to provide a subsidy to induce the monopolist to sell the same level of quantity that you have identied under the price ceiling in part b. What is the level of the subsidy that ensures that the monopolist sells the same quantity when a price ceiling F = 10:\" is imposed? Compared to the case with the price ceiling you have considered in part b, how does welfare, consumer surplus and producer surplus change? Which policy should be preferred by the government? Support you answers with a diagram and provide economic intuition. [25 marks] b. Suppose now that the government imposes a price ceiling equal to F =