Question 27 (10 points) Monopoly, when it is not regulated, is inefficient compared to perfect competition. a) Draw a properly labeled graph of costs, revenues, and the profit-maximizing output level for a monopolist. b) Indicate on your graph the extent of the inefficiency. c) Explain why this particular area on the graph indicates inefficiency. Paragraph V BI UVA + v ... Lato (Recom... V 19px ... V T Eg