Hi. I have this question for an assignment, I think someone doing an example step by step would be extremely helpful. So, if someone could pick whatever demand function they want and answer the...

Hi. I have this question for an assignment, I think someone doing an example step by step would be extremely helpful. So, if someone could pick whatever demand function they want and answer the following questions, that would be greatly appreciated.


a) If the MC is $8/unit, find the equilibrium price and quantity under perfect competition and Monopoly.

b) If the government places a tax of $2/unit on production in each case, find the new price and quantity under perfect competition and Monopoly.

c) Comment on the incidence of the tax in each case.