2. Now, you are tasked with providing advice to a firm with monopolistic power. Chart on the next page. a. (10 points) Fill in the blanks. b. (2 points) Based on your findings, what is the output that should be produced? Why? c. (2 points) Assuming this is a production schedule for a winter coat producer, what are some options that they have? What do you recommend? Don't just say, "They should give up." Output Price TR TC Total Profit MR MC ATC VC AVC 0 200 300 X X X X X 190 600 2 180 680 170 750 4 160 810 150 860 140 920 130 990 8 120 1070 9 110 1150 10 100 1300