A monopolist [ATM] is facing the following demand schedule P=243Q. That is. Q=D implies P=24. then Q=1 implies P=21. and Q=2 entails P=18. and so one. Fixed costs will be neglected in this analysis. The marginal cost is constant and equal to 3 for every unit produced. Determine: Compute the quantity produced and the amount of maximum profits when we impose a sales tax equal to 4 {per unit sold}. Read Chapter 2 and case study on p.519, search the web for additional information on current problems faced by today's health care leaders and review ethical guidelines published by American College of Health Care Executives Do a summary of the ethical and legal implications presented in the case. Answer the following Questions: 1) What steps could have been taken by Donna to assure the information she was getting was accurate? 2) What is Harry's responsibility in this situation? what ethical violations did Harry commit? 3) Should Donna report the situation to the board? 4) What do you think should happen to Donna under these circumstances? FocusWhich of the following statements is correct? (A) The monopolist's supply curve is its MC curve. O B) The monopolist's supply curve is that section of its MC curve that lies above its AVC curve C) The monopolist's supply curve is that section of its MC curve that lies above its MR curve. D) The monopolist does not have a supply curve.What is the profit for the monopolistic competitive firm in the long run?* Short Run Long Run O A) Negative B) Zero Positive D) We need the market price to determine the profitWhich of the following conditions holds for a monopolist, but not for a perfect competitor, at the profit-maximizing level of output? A) Price = average revenue, B) Marginal revenue = marginal cost C) Price > marginal cost. D) Profit = (P-ATC) x