(Solved): The graph on the right shows the demand, marginal revenue, and marginal cost curves in a monopoly ...

The graph on the right shows the demand, marginal revenue, and marginal cost curves in a monopoly market. Show the consumer surplus in this market. 1.) Using the point drawing tool, identify the profit-maximizing price and quantity for the monopolist. 2.) Using the triangle drawing tool, identify the area that represents consumer surplus in this monopoly market. Label your area 'CS.' Carefully follow the instructions above and only draw the required objects. Next, show the producer surplus in this market. 1.) Using the rectangle drawing tool, identify the area that represents producer surplus in this monopoly market. Label your area 'PS.' Carefully follow the instructions above and only draw the required object. Finally, show the deadweight loss in this market. 1.) Using the triangle drawing tool, identify the area that represents deadweight loss in this monopoly market. Label your area 'DWL.'