3) Answer the following questions based on the below graph. Assume that xed costs are $50. p. 5 per um! N A MR:MC:12 0 Om = 6 0c = 8 12 24 0. Units per day a. Suppose the monopoly is maximizing its' prot, calculate optimal price, quantity, prot, consumer surplus, producer surplus, total surplus, and efciency loss. b. If this producer has lost his market power and it were in the pure competition. Calculate optimal price, quantity, prot, consumer surplus, producer surplus and total surplus