7) As noted in a previous question, the market concentration of IT companies is a hot topic. And some economists and pol

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7) As noted in a previous question, the market concentration of IT companies is a hot topic. And some
economists and politicians argue when a profit maximizing company is a monopoly, that results in
potential loss in efficiency. Show on a graph total market surplus created by a monopoly. Compare it
with the case of a market with a monopoly that is aiming to maximize the production level without
making loss.