Consider the following data regarding a monopoly firm and answer the questions given below it.12 marks

Q

3691214161820

AR

5448423832281812

MR

544230186-6-18-30

MC

861461822282627

AC

865036.6834.50 32364032.4

a)What will be the level of price, output and amount of profit/loss for an unregulated monopolist?

Price = Output = TR = TC =

Total Profit/loss = Profit/loss per unit =

b)What will be the price, output and profit/loss for a regulated monopolist that sets price according to Marginal Cost Pricing control system?

Price = Output = TR = TC =

Total Profit/loss = Profit/loss per unit =

c)What will be the price, output and profit/loss for a regulated monopolist that sets price according to Fair Return Pricing control system?

Price =TR =TC =