Suppose a monopolist faces the demand and cost curves shown in the figure below.
![2478_media_f2e_f2eaed2b-d3d5-4929-8c82-7bc796ebf62d_phpjsITvZ.png](https://secure.tutorsglobe.com/CMSImages/2478_media_f2e_f2eaed2b-d3d5-4929-8c82-7bc796ebf62d_phpjsITvZ.png)
The monopolist maximizes profit (minimizes loss) by producing __________ units of output.
The monopolist will sell its output at a price of $__________ per unit.
The monopolist earns a profit (loss) of $__________.
Construct a new demand and marginal revenue curve such that the monopolist earns a loss in the short run but does not shut down.
Construct a new demand such that the firm shuts down.