What is the change in welfare due to monopoly equilibrium, Microeconomics

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What is the change in welfare due to monopoly equilibrium

Problem

The demand for electricity is given by P=500-4Q. A monopoly firm has a supply function given by P=50+2Q. What is the monopoly equilibrium, consumer price, producer price and quantity? What is the change in welfare due to the monopoly equilibrium relative to the competitive equilibrium?

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Microeconomics: What is the change in welfare due to monopoly equilibrium

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Microeconomics: What is the change in welfare due to monopoly equilibrium

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