Describe and show on a graph the effects on output and welfare if the government regulates a monopoly so that it may not charge a price above p, which lies between the unregulated monopoly price and...

Extracted text: Describe and show on a graph the effects on output and welfare if the government regulates a monopoly so that it may not charge a price above p, which lies between the unregulated monopoly price and the optimally regulated price (determined by the intersection of the firm's marginal cost and the market demand curve).