1. Let's consider the Once-ler who is the only producer of Thneeds, a fine-something-that- all-people-need. Assume he faces a Demand and MR curve of P = 30-2QD and P = 30-4 QD a. If he faces a constant MC of $6 per unit, what quantity will he produce (QM), and what price (PM) will he set? b. Calculate PS, CS, and DWL in the market for Thneeds. The government wants to make sure Thneeds stay affordable for all who want them, so they decide to forbid the Once-ler from charging more than $12. c. How many units of output will the monopolist produce with the price ceiling? d. Calculate PS, CS, and DWL with the price ceiling