There is a monopolist, Concrete Mex, in the concrete market in Mexico. The demand function is Qd= 100-50p. The marginal cost of production is c = 0.4.   a) Compute the profit maximizing price and production level for ConcreteMex.    b) Calculate the consumer surplus, producer surplus, deadweight loss, and illustrate them in a graph.    1.3. ConcreteMex claimed the high price is due to high transportation costs and persuaded the government to help cut down the costs. As a result, for every unit of concrete sold, the government subsidizes Concrete Mex 0.2 dollars. What are the new profit maximizing price and production level for ConcreteMex?

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