(Solved): Suppose a local cable company provides cable to a rural company. Assume the cable store is a monopo ...

Suppose a local cable company provides cable to a rural company. Assume the cable store is a monopoly. Answer the questions based on the graph below 1. What is the profit-maximizing quantity for this monopolist? What is the profit-maximizing price for this monopolist? (Breakdown of points: \( 0.5 \) points for total revenue \( +0.5 \) point for total cost \( =1 \) point) 2. Calculate consumer surplus for this single-price profit-maximizing monopolist? (Breakdown of points: 1 point for calculating the consumer surplus) 3. Calculate the deadweight loss that Boeing creates by not being a perfectly competitive firm. (Breakdown of points: 1 point for calculating the deadweight loss) 4. Suppose this were a perfectly competitive firm instead. What is the profit-maximizing quantity and price for this perfectly competitive firm? (Breakdown of points: \( 0.5 \) points for total revenue \( +0.5 \)