Suppose that a producer of primary goods in a perfectly competitive market structure can produce avocados at a constant

[answerhappygod]

Suppose that a producer of primary goods in a perfectlycompetitive market structure can produce avocados at a constantmarginal cost of 5 pesos per unit. Suppose the market demand forthis firm is given by: 𝑄 = 500 − 20𝑃 (2.0 points).a. Calculate the perfectly competitive quantity and price, consumersurplus, producer surplus, and social surplus. (shows theprocedure)b. Now suppose that, for weather reasons, this grower is the onlyone offering the avocados. Calculate its production and its pricein a monopoly situation. Obtain consumer surplus, producer surplus,and social surplus.(shows the procedure)C. From items a. and b calculate the deadweight loss. (showsthe procedure)d. Plot the results of parts a. and b., and verify with thegeometric analysis thevalue of the deadweight loss.me. Explain how the results of parts a differ. and b and why.