Problem 7.3. Use your analysis in Problem 7.2 to compare the monopoly and competitive equilibria. (Ignore price discrimination and incentives to create other devices like XCOR's in future.) (a) Monopoly increases |:| decreases doesn't affect output. (b) Monopoly increases |:| decreases doesn't affect price. (c) Monopoly increases |:| decreases doesn't affect marginal cost. (d) Monopoly increases |:| decreases doesn't affect prot. (e) Monopoly increases |:| decreases doesn't affect consumer surplus. (f) Monopoly increases |:| decreases doesn't affect total surplus