Would I need to find the mr curve to answer this or is it the same as demand curve. If it’s just the demand curve can you just answer c? 1. The graph below represents the demand curve facing a monopolist along with the firm's average totalcost and marginal cost curves.ding Qu(2)$/Unit Ast-c-avc$6.00PDFMC79b6ATC...21f$5.00Whar.$4.00imSc$3.001-2...$2.00D$1.00Cha[1]414 Quantity6.1012a. What is the firm's profit-maximizing output and price?D30b. How much profit does the monopolist earn?.eac. On the graph above, shade in the area that represents the welfare loss due to this monopoly.nee(1DECEGO16MacBook ProF2F3F4F5DIIF7FBF9F10F11F12%23%24%&4.6* CO

Demand: It refers to the consumption of goods and services in the economy. The increase in the demand will happen when there is a decrease in the price of goods and services. The goods and services will be demanded less when there is an increase in the price of goods and services. The demand of the economy will change according to the price change in the economy. c) The welfare loss will be considered as consumer loss. The demand curve will be considered as MR in the firm. The area between 2 to 3 will be considered as loss to the consumers. If there will be more increase in the price the consumer will unable to buy goods and services in the market and the welfare loss will be on the consumer. Hence, the economy will try to provide more resources to the consumers.