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3. Shanglmessy Consulting, LLC currently enjoys a patent on soware that estimates economic damages for clients involved in personal injury lawsuits. Demand for my software

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3. Shanglmessy Consulting, LLC currently enjoys a patent on soware that estimates economic damages for clients involved in personal injury lawsuits. Demand for my software is QB: = 33C! 2UP. Creating the software cost me about $1,253 in development and coding- I can produce a copy of the soware for $9.5U per unit (constant cost). a. b. Hoax.r many copies of the software should I attempt to sell?r At what price should I sell it? Hoax.r much prot would I make? My patent expires in a year= and I know other economic consultants will produce competing software. 'What quantity and price will result once competing soware emerges? Horn.r much consumer surplus will my clients (la'uyers) gain once the competitors enter? (For measuring consumer surplus= recall that area of a triangle = l * base * height.) Hoax.r much deadweight loss is created by my patent and monopoly in this software

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