A market has a linear demand curve y(p) = 40 – 5. а) A monopolist is operating with a constant marginal cost of 10, and there are no fixed costs. i. What is the monopolist's profit-maximising output...

Extracted text: A market has a linear demand curve y(p) = 40 – 5. а) A monopolist is operating with a constant marginal cost of 10, and there are no fixed costs. i. What is the monopolist's profit-maximising output and what is the price it charges? ii. What is its profit at this price and output? ii. Calculate the deadweight loss. iv. Illustrate the profit maximising output, price, and the deadweight loss, with a diagram.