(a) Assuming this firm chooses to operate, how much should it produce? What are its profits (or losses) at the optimal point?

(b) If this were a competitive market, what would be the equilibrium quantity and price? What is the deadweight loss of the monopoly?

(c) What type of monopoly is this likely to be? How can you tell?

100 90 80 70 60 50 40 ATC MC 30 20 MR D 8 10 12 14 16 18 20 0 2 4 6