solve ques no 9

Problem 9 INDUSTRY STRUCTURE: Monopoly in Output Market and Monopsony in Labour Market. TIME FRAMEWORK: Short Run. The production function of the business is given by: (1) Q = a L In the production function, Q is the annual output in tons, L is the number of workers employed. The Demand for the product is P = B - 2 Q. The wage rate is $ w = AL. In the short run, calculate the following: a) The equilibrium number of workers employed b) The wage paid the Monopsonist. c) The price charged by the Monopolist. Problem 10 Find real life examples of industries or companies that might be model by each of the market structures discussed in this quiz. The examples do not need to be perfect. Approximations are fine for the answers