Q3 Consider the following data regarding amonopoly firmand answer the questions given below it. 15 marks

Quantity	4	6	8	10	12	14
AR	174	156	138	120	102	84
MR	156	120	84	48	12	24
AC	180	140	126	120	117	115.72
MC	72	60	84	96	102	108

a) What will be the price, output and profit/loss for aregulated monopolistthat sets price according toMarginal Cost Pricing control system?

Price = Output = TR = TC =

Total Profit/loss = Profit/loss per unit =

b)What will be the price, output and profit/loss for aregulated monopolistthat sets price according toFair Return Pricing control system?

Price = Output = TR = TC =

Result:

c)What will be the level of price, output and amount of profit/loss for anunregulated monopolist?

Price = Output = TR = TC =

Total Profit/loss = Profit/loss per unit =