Please review and answer the following question.

PaperWritten.com - Order Mana X Connect X G liberty university - Google Search x 0 Mail - McNair, James R - Outlook x C + ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flearn.liberty.edu%252Fwebapps%252Fportal%252Fframeset.jsp%2 Apps ESPN: The Worldwi... Shalimar Weather -... G Google https://searchsafe.n... New Tab Bookmarks Pay Someone To D... Homework 8 i Saved Help 7 As the manager of a monopoly, you face potential government regulation. Your inverse demand is P= 35 - 1Q, and your costs are C(Q) = 9Q. 8 a. Determine the monopoly price and output. points Monopoly price: $ Skipped Monopoly output: units eBook References b. Determine the socially efficient price and output. Socially efficient price: $ Socially efficient output: units c. What is the maximum amount your firm should be willing to spend on lobbying efforts to prevent the price from being regulated at the socially optimal level? $ 4 Mc raw Bucation