l. The rst two columns in the table shows the demand curve facing a monopolist who produces at a constant marginal cost of $10 and a xed cost of $0. Price Quantity Revenue Cost Prot 18 U 16 4 l4 8 12 12 ll] 16 8 20 24 4 28 2 32 D 36 (a) Fill in the rest of the table and indicate which price maximize the rm's prots. Feel free to do this in Excel, and note that you don't need to calculate marginal revenue (or marginal cost} to answer the question. (b) What linear demand equation (or inverse demand equation) describes the rst two columns in the table above? (c) What is the total revenue and marginal revenue as a function of q, that is, nd TR(q) and MR(q)? (d) Set marginal cost equal to marginal revenue and solve for the protr maximizing output, and the associated protmaximizing price and prot. (e) If the market were perfectly competitive (many rms each with a marginal cost of $10), what would be the equilibrium price and quantity sold? (f) How much higher is producer surplus plus consumer surplus in the com petitive market than the monopoly market