Question: Please be specific and step by step 6. A monopoly faces the demand curve P = 110 - Q and has the cost function C(Q)

Please be specific and step by step

6. A monopoly faces the demand curve P = 110 - Q and has the cost function C(Q) = 10Q + Q2. Compare the total Q, profits, producer surplus, consumer surplus and DWL compared to perfect competition for: a. single-price monopoly, b. the perfectly price-discriminating monopoly, c. and a quantity-discriminating monopoly (block pricing) by considering one possible price schedule: sell its first 25 units (Q1) at P1 = 85 and sell an additional (Q2 - Q1) = , units at P2 = 230 3

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