Welfare Loss Due To Monopoly Suppose that tire sales in your town are controlled by Burn-Rubber Tires (BET), a monopoly lm whose cost and revenue structure are shown in this gure. fl} .g MC EL 5 C 60 ATC I \\b 40 f d 35 \\ ms D 8 12 Quantity of Tires {in minions) 15. What price (in dollars) will BRT charge for its tires in order to maximize prot? 16. What is the profit-maximizing level of output for BRT (in millions)? 17. What is the amount of prot or loss (in millions of dollars) that BRT earns? 18. \"that, approximately, is the welfare loss (iii millions of dollars] that results from BRT being the sole provider of tires