Suppose that market demand facing a monopolist is given by P=700-3Q.

1. If the price that maximizes the monopolist's profits is the same as the price that maximizes the monopolist's revenues, what must be the monopolist's marginal cost curve?

MC= ____________

Suppose the monopolist's marginal cost is instead MC=Q.

2.What will social surplus be under marginal cost pricing regulation?$ ________________