Price (8) MC MR 140 Quantity In Figure 1, we assume that the monopolist has an inverse demand curve (i.c., changes in the quantity demanded lead to changes in price levels) given as: P = 70 - 5Q MC = 20 + 10 a. Calculate the quantity produced and the profit maximization price of the monopolist. b. Calculate the consumer surplus of the monopolist. c. Calculate the producer surplus of the monopolist. d. Calculate the dead weight loss of the monopolist