pleas help me with this question

Because ofa patent, Company Y has a monopoly on a new product, which it brands Novo. Company Y is a prot-maximizing firm and is incurring economic losses in the short run. a. Draw a graph of Companyr Y's market for Novo. i. Label the profitimaxi zing price (Pm). ii. Label the profitimaxi zing quantity (Qm). b. Shade the area of economic losses. c. Why would Company Y continue to operate in the short run despite earning negative economic prot? d. Assume that Pm = $6 and the average total cost at the profit-maximizing quantityr is $8. If the firm is incurring $1,000 in economic losses, howI many units of Novo is it producing? e. On your graph from part (a), label the allocativelyr efcient price (Pa) and quantity {Qe}. f. 15 Company Y producing in the elastic or inelastic range of its product's demand? Explain. 9. Based on the information From part (cl), what is the total revenue of Company Y? h. Assume that Company Y becomes able to perfectly price discriminate. i. what would happen to its output? ii. what would happen to economic surplus