The demand curve of a monopoly company is Q = 40 - 1 / 3P.the total cost curve of the company is TC = 80 + Q ^ 2 where P represents price and Q represents quantity.a. Draw the demand curve, the marginal revenue and the average cost curve and find the quantity and price that maximizes the company's profits.b. Would it be sensible for the government to regulate the company and order P = AC here?c. What is the markup of the private seller and put it in the context of what the price elasticity is.Why does the private seller never have a price and quantity that corresponds to the inelastic demand?d. Is the following statement true or false?"Since a monopoly company has no competition, it does not need to advertise.