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The accompanying diagram depicts a monopolist whose price is regulated at $10 per unit. Use this figure to answer the questions that follow.

"The horizontal axis labeled quantity ranges from 0 to 15 in increments of 1. The vertical axis labeled price ranges from 0 to 26 in increments of 2. A line labeled M R begins at the point (0, 20) goes down to the right and ends at the point (10, 0). A second line labeled D begins at the point (0, 20) goes down to the right and ends at the point (14, 6). A third line labeled M C begins at the point (0, 8) goes up to the right and ends at the point (14, 22). A horizontal line labeled regulated price passes through the point (0, 10) and intersects the line M C at (2, 10), the line M R at (5, 10) and the line D at (10, 10). The line M C intersects the line M R at (4, 12) and the line D at (6, 14). All values are approximated."

a. What price will an unregulated monopoly charge?

$

b. What quantity will an unregulated monopoly produce?

units

c. How many units will a monopoly produce when the regulated price is $10 per unit?

units

d. Determine the quantity demanded and the amount produced at the regulated price of $10 per unit. Is there a shortage or a surplus?

Quantity demanded: units

Amount produced: units

There is: (Click to select) a surplus neither a shortage nor a surplus a shortage .

e. Determine the deadweight loss to society (if any) when the regulated price is $10 per unit.

$

f. Determine the regulated price that maximizes social welfare. Is there a shortage or a surplus at this price?

$

There is (Click to select) neither a surplus nor a shortage a shortage a surplus at this price.