2. The diagram below shows the output and cost data for a nondiscriminating monopolist. Use information from the diagram above to answer the questions below. P($) MC ATC MR D = AR 10 12 (a) (5 points) Refer to the diagram in question (2). The profit-maximizing level of output will be: (b) (10 points) Refer to the diagram in question (2). The total cost of producing the quantity in part 2(a) for the nondiscriminating monopolist is: [Show your calculations below.] (c) (10 points) Refer to the diagram in question (2). The total revenue of producing the quantity in part 2(a) for the nondiscriminating monopolist is: [Show your calculations below.] (d) (10 points) Refer to the diagram in question (2). The economic profit or loss of producing the quantity in part 2(a) for the nondiscriminating monopolist is: [Show your calculations below. ] i. (5 points) Based on your answer in part 2(d), is the nondiscriminating monopolist making economic profit or loss? Explain