2.4 The following figure shows the demand curve, marginal revenue curve, marginal cost curve, and average total cost curve for a monopolist.

2.4 The following figure shows the demand curve, marginal reven and average total cost curve for a monopolist. Price ($/units) ATC MC N MR O 10 Quantity (units/day) a. What is the socially optimal level of output? Explain. (2 point b. What is the profit-maximizing level of output for the monopo c. At the monopolist's profit-maximizing level of output, how m the monopolist make? (2 points) d. At the monopolist's profit-maximizing level of output, what (3 points) e. If the monopolist can perfectly price discriminate, what woul points)