Suppose a natural monopolist has fixed costs of $15 and a constant marginal cost of $3. The demand for the product is as follows:

per unit $10 $9 $8 $7 $6 $5 $4 $3 $2 $1

quantity demanded 0 2 4 6 8 10 12 14 16 18

Instructions:Enter your responses as a whole number.

Under these conditions,

a. What price-output combination would exist if the monopolist isn't regulated?

Price: $6

Quantity:8 units

b. What price-output combination would exist with efficient pricing (p= MC)?

Price: $3

Quantity:14 units

c. What price-output combination would exist with a profit regulation (zero economic profits)?

Price: $4.5

Quantity:? units