The accompanying diagram depicts a monopolist whose price is regulated at $10 per unit. Use this figure to answer the questions that follow.

a. What price will an unregulated monopoly charge?b. What quantity will an unregulated monopoly produce?c. How many units will a monopoly produce when the regulated price is $10 per unit?d. Determine the quantity demanded and the amount produced at the regulated price of $10 per unit. Is there a shortage or a surplus?e. Determine the deadweight loss to society (if any) when the regulated price is $10 per unit.f. Determine the regulated price that maximizes social welfare. Is there a shortage or a surplus at thisprice?

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Price 26 24 MC 22 20 18 16 14 12 Regulated price 10 6. MR 2 Quantity ó i 2 3 4 5 6 1 8 9 10 11 12 13 14 15