Question: Complete the following table that contains cost and demand information for an unregulated monopoly. Price$15$13$11$9$7$5$3$1 Quantity Demanded12 3 4 5 67 8 Marginal Revenue Total

Complete the following table that contains cost and demand information for an unregulated monopoly.

Price$15$13$11$9$7$5$3$1

Quantity Demanded12 3 4 5 67 8

Marginal Revenue

Total Cost$10$12$19$28$44$64$89$119

Marginal Cost

a. What is the profit-maximizing rate of output for the unregulated monopoly with the information in the table above?

b. What price should be charged at that rate of output in a. above?

c.If a regulator wanted to force the monopoly to produce where P = MC, what price should be set by the regulator?

d.What rate of output will the monopoly choose to produce given the price in c. above?

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