[Q: 11-5031875] Suppose a monopsonist faces a supply curve equal to P(Q) = 20 + 8Q. What is its marginal expenditure curve? O A. ME =20 + 16Q. O B. ME=20 + 16Q. O C. ME=20 + 8Q. O D. ME =20 + 8Q. O E. ME = 16Q. Suppose the monopsonist has a demand curve equal to P(Q) = 180 -4Q. What are the equilibrium quantity and price, assuming that the monopsonist seeks to maximize its profits Monopsony quantity: (enter your response rounded to two decimal places). Monopsony price: $ (enter your response rounded to two decimal places). How does this monopsony optimum differ from the competitive equilibrium? Competitive quantity: (enter your response rounded to two decimal places). Competitive price: $ (enter your response rounded to two decimal places). Therefore, the competitive equilibrium quantity is higher and the competitive equilibrium price is lower