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2. Given a firm's inverse demand curve P=2000-0.5Q and MC=AC=500, a. What is a perfectly competitive industry's i. quantity ii. price iii. consumer surplus iv. profit v. economic welfare vi. deadweight loss b. What is a single price monopolist's i. quantity ii. price iii. consumer surplus iv. profit v. economic welfare vi. deadweight loss c. Suppose the market is a duopoly, Q=q, +92 . What is a Cournot competitor's i. Firm quantity and total quantity ii. price iii. consumer surplus iv. firm's 1 and 2 profit separately v. economic welfare vi. deadweight loss d. On one graph, show the equilibrium quantity, price, and dead weight loss for parts A, B, and C