Suppose Zytiga is the only option for a subset of patients with prostate cancer and, thus, it's producer (Johnson & Johnson) can be considered a monopoly provider. The market demand for this treatment is: Q D = 10000 - 5P J&J's total cost of production of Zytigia is given by: TC = 4,000,000 + 100Q, and the corresponding marginal cost is given by: MC = 100

a. Sketch a rough graph the market for this cancer treatment show equilibrium price and quantity. b. Solve for the equilibrium price and quantity of this cancer treatment. Show your work. c. What is Johnson & Johnson's profit from Zytiga? d. Suppose the government were to impose a $100 per dose price ceiling on Zytiga. What quantity of Zytiga will J&J produce in the short run? e. By how much would social welfare change, in the short run, if Congress were to impose the price ceiling? f. By how much would social welfare change, in the long run, if Congress were to impose the price ceiling?