6. Assume a monopolist faces a market demand curve P = 16q total cost function C = 20 + 2Q. -0.5 and has the short-run a. What is the profit-maximizing level of output? What are profits? b. Graph the marginal revenue, marginal cost, and demand curves, and show the area that represents deadweight loss on the graph. c. Calculate DWL (comparing the competitive market and the monopoly). d. How does charging the monopoly a specific tax of t = 2 per unit affect the monopoly optimum and the welfare of consumers, the monopoly, and society.