5. Consider a single rm producing a hair loss medication (that cures hair loss) under patent. (You can think of the quantity of hair loss medication in terms of bottles of medication). The demand for hair loss medication is given by P = 100 0.209. The marginal cost of producing hair loss medication is MC = 1 + 0.105. Round prices or revenues to two decimal places if needed. (I've chosen small numbers for ease of algebra). a. Graphically illustrate the prot maximizing quantity of hair loss medication and the price the rm charges. Though you do not have an equation, draw in a general u-shaped average cost curve for the monopolist in your graph. b. Calculate the prot maximizing quantity of hair loss medication and the price the rm charges. Calculate and label the allocative efcient quantity of hair loss medication in your graph. d. Does the monopolist charge a markup above marginal cost at the profit maximizing quantity of hair loss medication? If so, calculate the size of the markup. P