A} Bl C} Di Cost per Unit (5': Q1 02 Q3 Output Quantity What is the profit-maximizing price and level of output for the monopolist? (2 marks) What area in the figure shows the level of profits for the monopolist? Are profits positive or negative? {2 marks] What area shows the deadweight loss to society resulting from the mo nopolist's output decision? {1 mark] Now suppose that the industry is made up of many small, price-taking firms (with the same technology}. What are the competitive equilibrium price and level of output in this case? (2 marks)