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1. Monopoly Pricing The graph below shows a blue downward-sloping demand curve and a red horizontal marginal cost curve in a monopolized market. Price 200

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1. Monopoly Pricing The graph below shows a blue downward-sloping demand curve and a red horizontal marginal cost curve in a monopolized market. Price 200 180 160 140 120 100 80 60 40 20 20 40 60 80 100 120 140 160 180 200 Quantity A. In the graph, draw the monopolist's marginal revenue curve. You may use the graph provided or draw your own copy of the graph [2 points] B. Identify the monopolist's profit-maximizing price and quantity. [2 points] The monopolist will produce units, and set the price at C. In the graph, shade in and label the Consumer Surplus, Producer Surplus, and Deadweight Loss at the monopolist's profit-maximizing quantity. [6 points]

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