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. Profit maximization and loss Lagatt Green is a monopoly beer producer and distributor operating in the hypothetical economy of Lightington. Assume that Lagatt Green

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. Profit maximization and loss Lagatt Green is a monopoly beer producer and distributor operating in the hypothetical economy of Lightington. Assume that Lagatt Green is not able price discriminate, and so it sells its beer to all customers at the same price per bottle. The following graph gives the marginal cost (MC), marginal revenue (MR), average total cost (ATC), and demand (D) curves that Lagatt Green faces for beer in Lightington. Place the black point (plus symbol) e and quantity for Lagatt Green. If Lagatt Green is making a profit, use the green rectangle (trang in the other hand, if Lagatt Green is suffering a loss, use the purple rectangle ofars per bottle) MR 10 15 20 25 20 35 QUANTITY (Thousands of battles of beer e rowo ving cable Price Quantity Demanded Total Revenue Total Cost Profit (Dollars per bottle) (cans) (Dollars) Dollars) "Dollars) 2-50

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