Problem
Suppose Pc $40, Pm = $65, the MR and AR intercepts are $83, Qm = 57, Qc 114. Explain the Deadweight Loss and estimate its amount. Suppose the monopolist's AR curve becomes more inelastic, describe the monopolist's behavior in this situation. Using the lag specification as determined by the Standard Error of the SPAC, develop the regression results and include an interpretation of the critical stats.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.