The inverse demand curve is given by p(y) = 10- y, and a monopolist has a fixed supply of 4 units of a good available.

(a) How much will it sell and what price will it set?

b) What would be the price and output in a competitive market with these demand and supply characteristics?

(c) What would happen if the monopolist had 6 units of the good available? (Assume free disposal.)

(d) Compute the dead welfare loss due to monopoly