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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. Price

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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. Price 26 24 22 20 ices 18 16 14 12 10 MC Regulated Price N B2 o0 @ M 079123456789 101112131415 Quantity a. What price will an unregulated monopoly charge? $ b. What quantity will an unregulated monopoly produce? units $ 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) v|. 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. |s there a shortage or a surplus at this price? $ There is | (Click to select) v|at this price

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