You have been hired by a monopoly to analyze the following production data and p

You have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to maximize profits.Monopoly FirmPriceMRTRQTCMCATCAVC6.43.11000640033.24The data provided by the company is incomplete. You are to complete columnsTRandATCin the chart and make a short-run recommendation using one of the recommendation actions from the list below. Remember that your goal is to maximize profits. Prepare a one page paper that includes your solutions to the table your recommendation action and justification supporting your recommendation.Recommendation actions: