Please help me through these mcqs-

1.A drug company produces a new drug to treat baldness. The inverse demand curve for the drug is P = 205 - 20Q, where Q measures the number of pills in millions. The various costs of production are given by TC = 100 + 5Q, ATC = 5 + 100/Q, and MC = 5. If the government grants this firm a patent, it will earn profits of _____. If the government revokes the patent, and the firm must sell its drug at marginal cost because of competition, it will earn profits or losses of _____.

$600 million; $500,000

$400 million; -$100 million

$70 million; -$25 million

$2 billion; $0

2.(Figure: Natural Monopolist I) If the government regulates the price of this natural monopolist to achieve a perfectly competitive output level, consumer surplus will change from _____ to _____.

Quantity Price (S per unit) Total Revenue Marginal Revenue $500 SO $400 A B C $200 $600 D\fCustomer Willingness to Pay Joan 75 Karen 70 Emir 65 Robert 60Price ($) 120 100 80 60 40 20 MC D 10 20 30 40 50 60 70 Quantity (1,000s of gift baskets)Quantity Price (P) Total Marginal Total cost Marginal (0) revenue revenue (TO) cost (MC) (TR) (MR) 68 40 64 72 2 60 92 56 100 52 108 48 112 44 128 40 160 8 36 200 9 32 256 10 28 320