Suppose that the city has given Fernando monopoly selling baseball caps at the local minor league stadium. Use the graph shown at right to answer the? questions:

Suppose that the city has given Fernando a monopoly selling baseball caps at the local minor league stadium. Use the graph shown at right to answer the questions: 26- Fernando will produce |] baseball caps. (Enter your response as a whole number.) LMC ATC Fernando will charge $ | per cap. (Enter your response as a whole number.) Review the definition of allocation efficiency- If Femando produced at the allocation efficient level of output, he would produce | | baseball caps. (Enter your response as a whole number.) Assume that the marginal cost curve is linear (a straight line) between the two relevant points. Price and cost (dollars per unit) AVC He will earn $]in profit. (Enter your response as a whole number.) How much deadweight loss did Fernando create by acting like a monopolist rather than a perfect competitor? $ (Enter your response as a whole number.) MR 10 15 20 30 35 40 Quanity