Question 1 6+ 50 Q Consider a market with demand curve given by Q (p) = 100 - -p . The total cost of production for one firm is given by C(q) = 5q . a) If the monopolist sets a uniform price, how many units will be sold? At what price will it be sold? Identify the producer surplus, consumer surplus, and deadweight loss. Gd(P- 100- 2P100 - LPT GM = MR=UC 97 . P + Q = 100-21 100 - GM- 30- 19 = 5 P = 10 0 - Q MC = 5 1 19 = 10 YP= 20-20 DQ 10 units $ US PS 95 x dak sog-o.sq2 - 14 , 6 jue= 50- 19 = 0 P= $180 P= us CS = 0 $Q = 19 200 - 20 SO = MR b) If the monopolist can perfectly price discriminate, how many units will be sold? At what price will the last unit be sold? Identify the producer surplus, consumer surplus, and deadweight loss