Question 21 (5 points) Consider a monopoly market of beer cans. In the following graph, demand (D) is shown in a blue line, marginal revenue (MR) in a black line, marginal cost (MC) in a orange line, and average total cost (ATC) in a green line. 4.00 3.50 3.00 2.50 PRICE (Dollars per unit 2.00 ATC 15 1.50 1.00 18 0 50 MC MR 21 0.5 1.0 1.5 20 2.5 3.0 3.5 40 QUANTITY (Thousands of cans of beer) Describe and explain the decisions made by this monopolist in terms of the quantity produced and price charged; and describe how to calculate its profit. Hints: Explain why/ how you pick the particular quantity, price, and cost. What's the rule, if any? What curve