Please help to figure out this question. thanks.

For problems 2, 3, and 4, assume demand for electricity in Alberta is p : 100 q and the marginal cost of production is c : 20. Assume that there are n : 10 identical rms producing electricity, and m : 1000 identical consumers. 2. First, consider the simple models of regulation. (a) Solve algebraically for the competitive and monopoly equilibria and show these on a graph, with labels qc and pa for the competitive equilibrium and labels qm and pm for the monopoly equilib rium. Calculate Consumer's surplus and prots for each case. (b) Under the Stigler theory of regulation7 if the regulator chooses the quantity, what quantity, 13, and price p3 would you expect the regulator to choose? Explain. (c) How would your answer differ if the quantity produced were determined by a regulator under the capture theory? What differentiates the two theories