Use the following to answer question:
Figure: The Monopolist 
-(Figure: The Monopolist) Use Figure: The Monopolist.If this market became perfectly competitive,total market production in the long run would be _____ units and the market price would be _____.
Definitions:
Interval Estimate
An estimate of a population parameter that specifies a range within which the parameter is estimated to lie.
Population Parameter
Any numerical quantity that characterizes a given population or some aspect of it.
Confidence Interval
A continuum of estimates, garnered from sample data analysis, presumed likely to contain the concealed value of a population trait.
Population Mean
The average of a set of numerical values of an entire population.
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