In the table below are cost and demand data for a monopolist.
(a) What is the level of price, output, and amount of profit for an unregulated monopolist?
(b) Using the data in the table, what is the price, output, and profit for a regulated monopolist that sets price equal to marginal cost compared with an unregulated monopolist?
(c) Using the data in the table, what is the price, output, and profit for a regulated monopolist that charges a "fair-return" price compared with an unregulated monopolist?