Question 5a only

combination? 5. You are the manager of a firm that produces a product according to the cost function C(q) = 160 + 58q, - 69/ + q/ . Determine the short-run supply function if: (LO], L07) a. You operate a perfectly competitive business. b. You operate a monopoly. c. You operate a monopolistically competitive business. 6. The accompanying diagram shows the demand, marginal revenue, and marginal cost of a monopolist. (LO1, LO3, L05) a. Determine the profit-maximizing output and price. b. What price and output would prevail if this firm's product were sold by price-taking firms in a perfectly competitive market