(All Steps) As the manager of a monopoly, you face potential government regulation. Your inverse demand is P=25 -Q , and your costs are C(Q) = 5Q . Determine
Question: As the manager of a monopoly, you face potential government regulation. Your inverse demand is P=25 –Q , and your costs are C(Q) = 5Q .
- Determine the monopoly price and output.
- Determine the socially efficient price and output.
- What is the maximum amount your firm should be willing to spend on lobbying efforts to prevent the price from being regulated at the socially optimal level.
Deliverable: Word Document 
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