Question: Question #2 [1' Marks} - Use the diagram below to answer the following questions u too 2m am 4:30 500 sou Too sou sou moo

Question #2 [1' Marks} - Use the diagram below to answer

Question #2 [1' Marks} - Use the diagram below to answer the following questions u too 2m am 4:30 500 sou Too sou sou moo Quantity a] What is the monopolist equilibrium? {2 Marks} b} What is the monopolist total cost, total revenue, and prot for the monopolist? {3 Marks] :1 If this was a competitive market, what would be the equilibrium? [2 Marks}

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