Please answer the questions step by step with an explanation and organize it properly looking at the chart. The questions are below and hopefully you know i) Assume that it is an Unregulated Monopoly. What price and quantity levels would we observe in the short run?.....P3 and Q2 respectivelyii) If a regulatory commission regulated the monopoly and forced it to produce the level of output as per the Socially Optimal Price, what price and quantity levels would we observe in the short run?..........P1 and Q4 respectivelyiii) If the government regulated the monopoly and forced it to produce the level of output as per the Average Cost Pricing method, what price and quantity levels would we observe in the short run?......P2 and Q3 respectivelyiv) At what level of price and output, the Monopolist would get profits and loss respectively?..At P3, Q2 profits and at P1, Q4 loss