Q-5 Indicate the profit that the monopolist shown in the graph below earns. MC ATC Price Demand Quantity Q-6 Why is area C in Figure 14-5 not considered a loss to society from monopoly? Q-7 Why does a price-discriminating monopolist make a higher profit than a normal monopolist? Q-8 Why is the competitive price impossible for an industry that exhibits strong economies of scale? Q-9 Why do monopolistically competitive firms advertise while perfect competitors do not