Question: Please answer the questions step by step with an explanation and organize it properly please. Use the graph to answer the questions below. ? Consider

Please answer the questions step by step with an explanation and organize it properly please. Use the graph to answer the questions below. ? Consider the following diagram related to Monopoly for answering question 2 to 6? 10 marks? ? ??? ? ? Q2 With socially optimal price, the output is = 45 units? Q3 In equilibrium, an unregulated Monopolist gets Profits.? TR = 65x35 = 2275 TC = 50 x 35 = 1750 Profit = 525? Q4 In equilibrium, under unregulated monopolist, per unit profit = 525/35 = 15? Q5 As per the Average Cost Pricing method of controlling monopoly, the output is 10, 50 Q6 An unregulated monopolist would produce at the output level where price is 65

Please answer the questions step by step with an explanation and organize

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