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A monopolist has the following information on prices, total costs, and average total costs for different quantities

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A monopolist has the following information on prices, total costs, and average total costs for different quantities. Notice that this form is a natural monopoly insofar as average costs continue to decrease as more output is produced. Quantity Price Total cost Average cost O $26 $32.00 1 $24 $38.00 $22 $44.00 $38.00 $22.00 $16.67 $14.00 $20 $50.00 OWN $18 $56.00 $16 $62.00 $68.00 $14 $12.40 $11.33 $10.57 7 $12 8 $10 $74.00 $80.00 $86.00 $10.00 9 $8 $9.56 10 $6 $92.00 $9.20 5 units and earn $ If the monopolist maximizes profits, it will produce * 18 in profit. Part 2 (2 pts) Feedback Suppose the government decides to regulate this natural monopoly. The government sets the regulated price to generate the greatest welfare for society. In this case, the monopolist will produce 10 units and lose $ 32 Part 3 (2 pts) Feedback Suppose the government decides to regulate this natural monopoly. The government sets the regulated price to achieve the second best solution. In this case, the monopolist will produce units and earns