Consider the figure to the right. The quantity Q₁ is 2,200 units, the price P₁ is $4 per unit, and the vertical istance to point C is $9 per unit. What is the dollar amount of the losses earned by this natural onopolist when its price is equal to its marginal cost of producing Q₁ units? sing the rectangle drawing tool, show the economic losses earned by this natural monopolist when its rice is equal to its marginal cost of producing Q₁ units. Label this area 'Losses." Carefully follow the instructions above, and only draw the required object. Dollars per unit P₁ C B Q₁ D Quantity per time period LMC LAC

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