The demand curve faced by monopolist and his total cost functions are given below; Demand function; Q = 3000 – 60P Total Cost function; TC = 100 +5Q+1/480Q2 a) Find profit Maximizing price and output...

The demand curve faced by monopolist and his total cost functions are given below;
Demand function; Q = 3000 – 60P
Total Cost function; TC = 100 +5Q+1/480Q2
a) Find profit Maximizing price and output level of this Monopoly firm.
b) Measure the firm profit margin at profit maximize output level.
c) “Compare to perfect competitive producer, the monopolist is misused scare resources” Explain using suitable grapes