Content X 10 (10) WhatsApp X Paraphrasing Tool - QuillBot Al X -> C A learn.senecacollege.ca/ultra/courses/_685203_1/cl/outline V X X Remaining Time: 57 minutes, 54 seconds. Question Completion Status: Question 27 Answer all parts 10 points 18 Save Answer Part i) (6 marks) In the table below are cost and demand data for a monopolist. Show all calculations. Quantity Price demanded Marginal revenue Average cost Marginal cost $35.00 32.00 $32.00 $48.00 29.00 $48.00 26.00 30.00 12.00 26.00 20.00 23.34 10.00 23.00 14.00 21.00 14.00 20.00 X 8.00 20.00 16.0 17.00 2.00 19.50 17.00 14.00 4.00 9.28 8.00 11.00 10.00 18.68 8.50 8.0 -16.0 18.72 19.0 (a) What is the level of price, output, and amount of profit for an unregulated monopolist that produces where MR=MC? (b) Using the data in the table, what is the price, output, and profit for a regulated monopolist that sets a "socially optimal" price i.e. where P=MC? (c) Using the data in the table, what is the price, output, and profit for a regulated monopolist that charges a "fair-return" price i.e. where P=ATC? (d) Analyze the effect of regulation on the allocation of resources. Which situation is most efficient? Which situation is most likely to be chosen by government? Why? Part ii) (4 marks) What is the deadweight loss associated with a monopoly? Type your answers in the box area below. Priv Ter 1 4 C Partly sunny Q Search W X ENG 9:04 AM IN 2023-04-184