Question: Using the graph below, answer the following questions:

The market demand at the beginning is ____ , and its corresponding marginal revenue is ____ . The initial ATC is ____ , and the original supply is ____ . Therefore, the monopolist sells ____ units at $ ___ per unit, and his/her total profit is $_____. After a given time period, due to investment and technological advances, which cost the monopolist an increase in TFC, results in a cost of production decrease to ___ and its corresponding supply to ___ . The monopolist, then, in the absence of price regulation by the government, would like to produce ______ units and charge a unit price of $_________. However, due to quality improvements and effective advertising, the demand increases to ____ , while its corresponding marginal revenue is ____ , with ___ and ____ remaining unchanged. The monopolist, therefore, produces and sells approximately _____ units at $_____ per unit. His/her total profit is now approximately $_________.

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