Question 6 (4 points} Suppose that an industry is characterized as follows: each firm's total cost function: C=1OO+2q2 firm's marginal cost function: MC=4q industry demand curve: P=90-2Q industry marginal revenue curve: MR = 90-4Q Answer the following questions: 1. if there is only one firm in the industry, find the monopoly price quantity, and level of profit. (1 point) 2. Find the price, quantity, and level of profit if the industry is competitive. (1 point) 3. Graphically illustrate the demand curve, marginal revenue curve, marginal cost curve, and average cost curve. Identify the difference between the profit level of the monopoly and the profit level of the competitive industry. {2 points)