Water'ton Publishing Companyr is a book publisher located in Los Angeles, California This oompamir faces the following demand schedule for the next novel of John Smith, one it its popular authors. The author is paid $2 million to write the hook, and the marginal cost of publishing the book is $10 per book. $100 90 an 70 50 so 40 30 20 300.000 10 900,000 0 1.000 000 - Perform a profit maximization analysis for the publisher. The publisher, Waterton Company is maximizing profits. What is the prot maximizing quantity, price and profit of the Waterth Company? Show on a graph the prot maximization problem for the publisher. Explain with words + computations+ graph. - What is the socially efficient level of output? What is the price and profit corresponding to this socially efficient output? Show the efficient quantity, the deadweight loss (DWL) and consumer surplus on the same graph you drew above. Compute oonsumer surplus and DWL. Explain with words + computations + graph