Hot Air Balloon Rides is a single-price monopoly. Columns 1 and 2 of the table set out the market demand schedule and columns 2 and 3 set out the total cost schedule. Calculate Hot Air's prot-maximizing output and price. Calculate the economic prot. Hot Air's prot-maximizing number of rides is 4 >>> Answer to 1 decimal place. a month and the prot-maximizing price is $ 140 a ride. When Hot Air produces the prot-maximizing output and charges the protmaximizing price, the rm makes an economic prot of $|:J. >>> If the rm incurs an economic loss, select economic loss in the dropdown box and do not enter a minus sign. Price Quantity Total cost (dollars (rides (dollars per per rlde) per month) month) 220 0 80 200 1 1 60 1 80 2 260 1 60 3 380 140 4 520 1 20 5 680