(Solved): Lagatt Green is a monopoly beer producer and distributor operating in the hypothetical economy of L ...

Lagatt Green is a monopoly beer producer and distributor operating in the hypothetical economy of Lightington. Assume that Lagatt Green is not sole price discriminate, and so it sells its beet to all customers at the same price per bottle. The following graph gives the maroinal cost (MC), marghal revenue (MR), average total cost (ATC), and demand (D) curves that Lagatt Groen faces for beer in tightington. Place the black point (plus symbol) on the graph to ind cate the profit-maximizing price and quantay for Lapatt Green. If Logitt Grees is muling a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit on the cther hand, if lagatt Green is suffering a loxs. use the purple rectangle (diamond symbols) to shace in the area representing ias loss. Suppose Lagatt Green charges \( \$ 2.00 \) per bottle. Your study partner Adrian says that because Lagatt Green is a monopoly with market oomec it should charge the higher price of \( \$ 2.25 \) per bottle in order to increase its profit. Complete the following table to determine whether Adran ss correct. Glven the earlier information, Adrian correct in his assertion that Lagatt creen abould thage save der bottie the Mc curve. Given the earlier information, Adrian correct in his assertion that Lagatt Green should charoe \( 32.25 \) per botele. Suppose that a technological innovation decteases Lagatt Greens costs so that it now faces the margina( cost (HC) and average totaf cost (ATC) given the MC curve.