This is a Mixed question / It is worth 3 points / You have 3 of 3 attempts remaining / There is no attempt penalty 04 Question (3 points) @ See page 468 Suppose the daily market demand for meat in a small town is given by QD = where Q p is the quantity demanded (pounds of meat), and p is the price per pound of meat. 1st attempt Part 1 (1 point) See Hint Suppose the market for meat is competitive, and all firms in the market have a marginal cost of meat of $0.75 per pound. The total quantity of meat sold in this market will be pounds per day. (Round your answers to the nearest two decimals if necessary.) Part 2 (2 points) See Hint Now suppose instead that this market is served by a monopolist. The daily quantity es meat sold in this market would be pounds per day than if the market is competitive. O OF 6 QUESTIONS COMPLETED K 04/06 > SUBMIT ANSWER W A