GRAPH Regular Monopoly Natural Monopoly Show Deadweight Loss Off Show Economic Profit/Loss Off ($) Price, Average/Marginal Cost 225 200 175 MC 150 125 ATC 100 AVC 75 50 25 MR D 0 20 40 60 80 100 120 140 160 180 Quantity (units per month)Instructions: Make sure the interactive is set to "Natural Monopoly" on the upper right side of the Graph section. When "Natural Monopoly" is selected, it will have a dark blue background. With the Cost Structure (in the settings section) set to "j" a. What is the profit maximizing quantity? units b. What is the maximum profit (minimum loss) that can be earned? $ c. What is the marginal revenue? $ d. What is the marginal cost? $ e. What is the profit maximizing / loss minimizing price? $SETTINGS Reset PROFIT CALCULATIONS Market Price (Pmkt) $125.00 Cost Structure Low High Marginal Revenue (MR) $50.00 Cost Cost a b c d e f g h i j k l mno Marginal Cost (MC) $55.00 Quantity Revenue $7,500.00 40 120 Costs $5,066.67 Quantity 60 Profit $2,433.33