Hello there can someone please help me with the following questions.

The assignment is asking the following:

Chapter 8:

7. Critically evaluate and explain each statement: (LO3) . Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay. The pure monopolist seeks the output that will yield the greatest per-unit profit. An excess of price over marginal cost is the market's way of signaling the need for more production of a good. The more profitable a firm, the greater its monopoly power. . The monopolist has a pricing policy; the competitive producer does not. . With respect to resource allocation, the interests of the seller and of society coincide in a purely competitive market but conflictin a monopelized market. m@op oD 3. Suppose a pure monopolist faces the following demand schedule and the same cost data as the competitive producer discussed in problem 4 at the end of Chapter 7. Calculate the missing TR and MR amounts, and determine the profit-maximizing price and profit-maximizing output for this monopolist. What is the monopolist's profit? Verify your answer graphically and by comparing total revenue and total cost. (LO2) Price Quantity Demanded Total Revenue Marginal Revenue $115 0 S0 B 100 83 71 63 55 48 42 3 33 29 w0~ U AW N = T 6. Explain the general meaning of the following profit payoff matrix for oligopolists X and Y. All profit figures are in thousands. (LO4) X5 possible prices $40 $35 w 4 %40 a $60 @ o & a $35 2 $69 $58 a. Use the payoff matrix to explain the mutual interdependence that characterizes oligopolistic industries. b. Assuming no collusion between X and Y, what is the likely pricing outcome? c. In view of your answer to part b, explain why price collusion is mutually profitable. Why might there be a temptation to cheat on the collusive agreement