Question: Question 2 ( 20 marks ) Suppose you are a monopolist in the market for a specific video game . Your demand curve is given

Question 2 ( 20 marks ) Suppose you are a monopolist in the market for a specific video game . Your demand curve is given by P = 80 - Q12, and your marginal cost curve is MC = Q. Your fixed costs equal $ 400 . 2 . Draw the graph for demand and marginal cost curve . b. Derive and graph the marginal revenue curve . C . Calculate and indicate on the graph the equilibrium ( profit maximising ) price and quantity* d . Calculate your profit ?! . . Calculate the consumer surplus

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