There are 10 households in Lake Wobegon, Minnesota, each with a demand for electricity of Lake Wobegon Electric's (LWE) cost of producing electricity is Q-50-P. TC=575+Q. a. If the regulators of LWE want to make sure that there is no deadweight loss in this market, what price will they force LWE to charge? What will output be in that case? Calculate consumer surplus and LWE's profit with that price. (Round all responses to two decimal places.) The regulated price would be $ and the firm would produce units of electricity.

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What is aresource?     the result of choices made by business firms     the result of scarcity in the economic system     anything people use to make or obtain what they need or want     a physical object that can be purchased