Question: Please can you help me answer question B. It needs to be explained in detail and with reference to economic themes when they are used.

Please can you help me answer question B. It needs to be explained in detail and with reference to economic themes when they are used. I will leave a fantastic review for any help, many thanks :)

Please can you help me answer question B. It needs to be

Consider a monopoly that faces a liner demand function equal to P = 10 - Q, where Q is the quantity demanded by the market at price P. The monopolist incurs constant marginal costs of production equal to c, 10 > c > 0. b. Suppose now that the government imposes a price ceiling equal to P = - 10+3c 4 -. What is the quantity sold by the monopolist after the introduction of the price ceiling? Is the price ceiling beneficial to the welfare of the market? Support your answer with economic intuition and a diagram. [15 marks]

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