Question: Consider a monopoly with demand P = 24 - Q The cost function for the firm operating in this market is C(q)=9q. Initially the monopolist

Consider a monopoly with demand P = 24 - Q The cost function for the firm operating in this market is C(q)=9q. Initially the monopolist is free to charge the profit maximizing price. After some political shifts, the government decides to regulate the monopolist so as to charge a price equal to marginal cost. What is the increase in consumer surplus that results from this regulation? Round your answer to the nearest cent (0.01). In other words, find the difference between the consumer surplus at the monopoly price and quantity versus the consumer surplus when the firm changes p=MC

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