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Answer the following questions based on the below graph. Assume that fixed costs are $50. P. $ per unit 24 MC MR - MC = 12.EM! ! Demand 12 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. b) If this producer has lost his market power and it were in the pure competition. Calculate optimal price, quantity, profit, consumer surplus, producer surplus and total surplus