Q. Suppose the market dem

Q. Suppose the market dem

Q. Suppose the market demand function is given by: Q = 100 – 2P , where Q: totalquantity, P: market price. And in this market there are two firms with MC=AV=$10. Find each of the following:1. Perfect competition price, quantity, and consumer surplus?2. Monopoly price, quantity, consumer surplus, profit, and welfare loss?3. Cournot price, quantity, consumer surplus , each firm`s profit, and welfareloss?4. Stackelberg price, quantity, consumer surplus, each firm`s profit, andwelfare loss?5. Collusion quantity, profit from collusion?

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