The diagram below represents a monopoly market with one privately owned power generator. P 90 75...

 

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The diagram below represents a monopoly market with one privately owned power generator. P 90 75 60 45 30 15 10 20 30 40 ATC 50 b1. Show the expected social losses from having a monopoly. Draw in any extra lines you need to show your solution. b2. If a law is passed requiring marginal cost pricing in the above market, what problem would there be for this privately owned power generator. Support your answer with a diagram. The diagram below represents a monopoly market with one privately owned power generator. P 90 75 60 45 30 15 10 20 30 40 ATC 50 b1. Show the expected social losses from having a monopoly. Draw in any extra lines you need to show your solution. b2. If a law is passed requiring marginal cost pricing in the above market, what problem would there be for this privately owned power generator. Support your answer with a diagram.