Consider the following table which represents the demand for a pedicure: QP (P) 1 2 3 4 P 5 6 7 8 40 35 30 25 20 15 10 5 Table 1: Demand for Each Price Level Suppose the marginal cost of giving a pedicure is constant at $10. (2 points) If the monopolist can charge one price, find what price would maximize their profit. What are the consumer surplus, producer surplus, and deadweight loss due to the monopoly? (2 points) Give a policy the government could use to minimize the deadweight loss if the pedicures are provided by a monopolist. Hint: Recall that the mo- nopolist would leave the market if they make an economic loss.