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

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) neither a shortage nor a surplus 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.

nheducation.com/ext/map/index.html?_con=con&external_browse : The Economics of Information and Gov... The accompanying diagram depicts a monopolist who follow. Price 26 24 MC 22 20 18 16 14 Regulated Price 10 D NAGO MR O 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Quantity a What price will an inrentilated monopoly charge? Eli