Using the diagram below compare the monopoly price and quantity (label them PM and QM, respectively) to the perfectly competitive price and quantity (label them PC and QC, respectively). 
Definitions:
American Culture
The customs, norms, behaviors, and social practices characteristic of the United States, influenced by diverse ethnic populations and historical developments.
Benjamin R. Barber
An American political theorist known for his work on democracy, civic engagement, and the role of cities in global governance.
Cultural Diffusion
The sharing of societal activities and cultural norms between different communities.
Sushi Restaurants
Eateries specializing in the preparation and serving of sushi, a Japanese dish featuring vinegared rice combined with various ingredients such as seafood and vegetables.
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