Suppose a monopolist faces an inverse market demand function P = 1,500 - 1.5Q, where Q is the quantity demanded and P is the market price, and a total cost function TC = 50 + 100Q + 2Q2. Use the information and answer questions 1214.

1. The profit-maximizing quantity (Q) is ___________.

1. 200
2. 1,000
3. 1,500
4. 2,000

1. The profit-maximizing price (P) is _________.

1. 1,000
2. 1,200
3. 1,500
4. 2,000

1. The maximum profit is ____________.

1. 139,950
2. 200,000
3. 390,000
4. 450,000

1. __________ has zero consumer surplus.

1. 3rd-degree price discrimination
2. 2nd-degree price discrimination
3. 1st-degree price discrimination
4. None of the above