QUESTION 13 Suppose that P= 100- Q, MR=100-20, TC=20+ 02, MC=20 Suppose the government wants to eliminate the deadweight loss by imposing a price ceiling. What price could the monopoly set in order that the monopoly produces as close as possible to the efficient (welfare maximizing) output while still ensuring that the monopoly is not driven out of business? What is the associated quantity produced and profit? O P=75, Q=25, Profit=1092 O P=66.7, Q=33.3, Profit=1230 O P=75, Q=25, Profit=1230 O P=66.7, Q=33.3, Profit=1092Suppose that P = 100-Q, MR =100-2Q, TC =1125+Q-, and MC =2Q. Solve for output, price, average total cost, and profit. O Q=25, P=75, ATC=70, Profit=125 O Q=33.3, P=66.7, ATC=67, Profit= -1 O Q=33.3, P=66.7, ATC=67, Profit= 1 O Q=25, P=75, ATC=70, Profit= -375QUESTION 11 Suppose that P = 100-Q, MR = 100-2Q, TC =20+Q-, and MC =2Q. Solve for equilibrium output, price, average cost, and profit. O Q=33.3, P=66.7, ATC=34, Profit= 1079 O Q=25, P=75, ATC= 25.8, Profit=1230 O Q=33.3, P=66.7, ATC=40, Profit= 2221 O Q=25, P=75, ATC= 25.8, Profit=1875