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- How does monopoly determine the optimum production levelWhy does sometimes a monopolist have the least incentive to innovate, while other times they have the most incentive to innovate? When do we see each of these situations, and why do they influence a monopolist as they do?allings Review View Help ed Threat Protection and it hasn't detected any threats. If you need to edit this file, click enable editing. 1- The below graph shows a monopolist that faces a market demand according to his cost functions. Answer all following questions: Figure 1 MC $22 18 16 14 MR I 1 Q 0 12 17 22 a. What is the production level that will maximize profit (or minimize loss) for the monopolist. Explain. b. Calculate the monopolist's total revenue (TR) at the production level that will maximize profit (or minimize loss). C. Calculate the monopolist's total cost (TC) at the production level that will maximize profit (or minimize loss). d. What is the profit (or loss) the monopolist will make, at the production level that will maximize profit (or minimize loss). e. Is the monopolist going to still produce or shutdown? Explain. 11 8 ATC AVC D = AR Enable Editing