4.00 3.50 Monopoly Outcome 3.00 2.50 Profit ATC PRICE (Dollars per bottle) 200 LOSE 1.50 100 0.50 MR D 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 $2.50 per bottle. Your study partner Chris says that because Lagatt Green is a monopoly with market power, it should charge the higher price of $3.00 per bottle in order to increase its profit. Complete the following table to determine whether Chris is correct. Price Quantity Demanded Total Revenue Total Cost Profit (Dollars per bottle) Cans) (Dollars) ( Dollars) (Dollars) 2.50 3.00 B - D - Given the earlier information, Chris correct in his assertion that Lagatt Green should charge $3.00 per bottle