Price. Cost (5) 800 600 500 400 SmileAway is a prot-maximizing single-price monopoly with a patent on its newly developed dental braces that are used to straighten teeth. SmileAway has a constant marginal cost that is equal to its average total cost, which is equal to $400. The graph shows SmileAway's current market situation. A. Using the labelling in the graph provided, identify each of the following: I. SmileAway's demand curve ll. SmileAway's marginal revenue curve "I. SmileAway's prot-maximizing quantity IV. SmileAway's prot-maximizing price B. Calculate the area of deadweight loss at the prot-maximizing quantity. Show your work C. Assume now that SmileAway engages in perfect price discrimination and the cost conditions remain the same. |. Using the labelling in the graph provided, identify the new prot-maximizing quantity and explain how you determined it. ll. Will SmileAway's economic prot be greater than, less than, or equal to its prot prior to perfect price discrimination? Explain using numbers