Use the accompanying graph to answer the questions that follow

(a) Suppose this monopolist is unregulated.

(l) What price will the firm charge to maximize its profits?

(2) What is the level of consumer surplus at this price?

(b) Suppose the firm's price is regulated at $80.

(i)What is the profit maximizing (loss minimizing) level of output in the short run?

(ii) In the long run, how much output will this firm produce if the price remains

regulated at $80? Please explain

Layout References Price 220 210 200 190 180 170 160 150 140 130 120 110 100 9 10 11 12 13 14 15 16 17 18 19 Use the accompanying graph to answer the questions that follow (a) Suppose this monopolist is unregulated. (1) What price will the firm charge to maximize its profits? (2) What is the level of consumer surplus at this price? (b) Suppose the firm's price is regulated at $80. (i) What is the profit maximizing (loss minimizing) level of output in the short n (ii) In the long run, how much output will this firm produce if the price rem regulated at $80? Please explain of a W