There are 1010 households in lake wobegon, minnesota, each with a demand for electricity of upper q equals 60 minus upper pq=60−p. lake wobegon electric's (lwe) cost of producing electricity is tc equals 575 plus 2 upper qtc=575+2q. 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.)

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation