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4.00 3.50 llllonopolyr Outcome 1.50 3.00 E S E 2.50 Prot 0: D. E E 2.00 B 9 Lu Loss 9 0: I]. 1.00 0.50
4.00 3.50 llllonopolyr Outcome 1.50 3.00 E \"S E 2.50 Prot 0: D. E E 2.00 B 9 Lu Loss 9 0: I]. 1.00 0.50 0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 QUANTITY {Thousands of bottles of beer} Suppose Lagatt Green charges $2.00 per bottle. Your studyr partner Chris says that because Lagatt Green is a monopoly.f with market power, it should charge the higher price of $2.25 per bottle in order to increase its prot. Complete the following table to determine whether Chris is correct. Price Quantity Demanded Total Revenue Total Cost Prot {Dollars per bottle) { Cans) {Doars} (Dollars) {Dollars} 2.00 1,000 v 2,000.00 v 25000 2.25 250 v 1,537.50 v E
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