1.How the labor demand of a monopoly in the product market is determined if it were the single buyer of labor?Give a mathematical explanation.

Assume demand function for the product isP(x),wage rate funcrion is W(L),where x and L represent product and labor respectively.If this monopoly is competitive in the factor market,how will your answer change?

2.Write  out the problem for two firms in one industry to collude and the problem for them to compete in mathematical expression,There are only two firms,