Q3 The Punch govt announced plans to convent state-owned power fem EDF and GDF lined companies that operate in geographically distinct markets. BBC News mported that Pan's CFT no responded by organining a manike, which migged per tage some Piste Une workers are concemed that privatizing power units would lead lage-scale job loses and power outages similar to those experienced in parts of the caters coast of the United States and pans of aly in 2005 The diagram below shows the evene demand for electricity in each of these two regions of France, marginal ever, and marginal cost. Once privatized, each firm will have incentive to maximi pofit P-100-100 Qunity MR 100-200 and MC-200-20 where Q is the number of kilowatt hours of electricity and P is the per-kilowatt hour price Determine the number of kilowatt hours of electricity each fins will produce and supply to the market b. Determine the per-kilowatt hour price. Calculate the deadweight loss of this monopoly. d. What price and output would prevail if this firm's product was sold by price-taking firms in a perfectly competitive market?