1. Assume the graph below represents the market for a monopolist. What quantity will the monopolist produce, and what price will she charge? What will her total revenue, costs, and profit be at this level of production? What will the deadweight loss for society be at this level of production? (Assume the MC curve is a straight line between the relevant points for this calculation.)

Revenue and costs MC $34 ATC 29.50 27 21 13 Demand MR 0 600 800 940 1160 Quantity