Draw the demand, marginal revenue, average total cost, and marginal cost curves for a monopolist. (a) Show the profit-maximizing level of output, the profit-maximizing price, and the amount of profit (b) Â Now assume marginal cost pricing is imposed. On the graph, shade the area repre- senting the profit or loss for the firm after marginal cost pricing is imposed. (c) Â Show the level of output that maximizes total surplus. Show the deadweight loss from the monopoly. Note:-

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