Question: please answer 4) Answer the following questions based on the below graph. Assume that fixed costs are $50. p. S per unit 24 MC Pm

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4) Answer the following questions based on the below graph. Assume that fixed costs are $50. p. S per unit 24 MC Pm = 18 Pe = 16 -....... . . .= MR = MC = 12 Demand MR Om =6Q-8 12 24 Q. Units per day a) Suppose the monopoly is maximizing its' profit, calculate optimal price, quantity, profit, consumer surplus, producer surplus, total surplus, and efficiency loss

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