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need help asap its all one question Page of 5 ZOOM + Question #2: Monopoly [22 Points] Assume that Doris' Dogwalkers has a monopoly on

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Page of 5 ZOOM + Question #2: Monopoly [22 Points] Assume that Doris' Dogwalkers has a monopoly on dogwalking in the city of Davis. The figure below illustrates the demand curve, marginal revenue cruve, marginal cost and average total cost faced by the monopolist. Assume that the marginal cost (MC) and average total cost (ATC) curves are equal to each other at $9. 18 15 12 MC = ATC Price (P) 3 0 MR 12 24 36 48 60 72 84 96 108 120 Quantity (Q) (a) What is the profit-maximizing level of output for Doris' dog walking service? No explanation is required. [1 Point] (b) What is the price that the monopolist will charge for the dog walking service? No explanation is required. [2 Points] (c) Calculate the level of profit (or loss) at the profit-maximizing level of output. [3 Points] (d) Calculate (i) the consumer surplus and (ii) the producer surplus for the monopoly. [4 Points] (e) What would have been the level of output and the price charged if dog walking services was perfectly competitive? No explanation is required. [2 Points] (f) Calculate the deadweight loss as a result of this monopoly. [4 Points]Suppose that the monopolist has the ability to perfectly price discriminate and chooses the quantity that maximizes profits. (g) Briefly explain what it means to perfectly price discriminate. [2 Points] (h) Suppose that the monopolist can perfectly price discriminate. Calculate the following variables. You DO NOT need to show your work. (i) consumer surplus [1 Point] (ii) producer surplus [2 Points] (iii) deadweight loss [1 Point]

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