please see attached

The graph below shows the demand faced by Spin Master Toys, a monopolist, which incurs only fixed costs and therefore has a marginal cost equal to zero. Note: If necessary round your answers to two decimal places. a) Suppose that a new firm, which also has zero marginal costs, enters this industry and assumes that Spin Master Toys will continue to produce its current output. Plot the existing firm's marginal revenue line, new firm's marginal revenue line, and new firm's demand line. Marginal Revenue 32+ Demand 28 Cost ($) 20 6 12 18 24 30 36 42 48 54 60 66 72 78 Reset Units of Output b) Before the new firm disrupted Spin Master Toys' monopoly what was the price Spin Master Toys charged, and what quantity of output did it produce? Price = $ 0 Output = 03} What output will the new rm choose to produce, and what will be the new market price. given both m'rs' output? New Market Price = 33 I] New Firm's Output = D