Using the diagram below, add the curve(s) that are needed to illustrate the profit-maximizing output level and price for this monopolist. Mark the profit-maximizing quantity and price. 
Definitions:
Equilibrium Quantity
The quantity supplied and the quantity demanded at the equilibrium price.
Loanable Funds
The money available for borrowing in the financial market, determined by the level of savings and the supply of credit.
National Saving
The total of private savings and government savings, essentially the portion of national income that is not consumed or spent by government.
Open-Economy Macroeconomic Model
A framework used to evaluate the interactions between a country’s macroeconomy and the global economy, taking into account trade, foreign investment, and exchange rates.
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