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Price ($) 110 MC 20 29892 2 70 50 40 30 ATC D 40 50 60 70 80 95 Quantity/Units MR a. What will

Price ($) 110 MC 20 29892 2 70 50 40 30 ATC D 40 50 60 70 80 95 Quantity/Units MR a. What will this profit-maximizing monopolist charge? b. How many units will it produce? c. What would be the socially optimal output quantity? d. Calculate the consumer surplus at the profit-maximizing price and output. e. Is this a natural monopoly? Explain.

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