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Question: please answer this asap thanks suppose an energy market is...

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Please answer this ASAP, Thanks: Suppose an energy market is a monopoly market. Demand is described by P=70−2Q, which means marginal revenue (MR) is described by MR=70-4Q, and supply (MC) is described by P = 3Q . Which of the following statements are true?

The equilibrium monopoly price and quantity are $50 per unit and 10 units, respectively.

The monopoly price is $8 more than the perfectly competitive market price, all else equal.

The transfer (monopoly rent) received by the monopolist is equal to $75.

All of the statements are true.

Two of the three statements are true.

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