When introduced in the late 1970s, the videocassette recorder, or VCR, was the first technology that allowed consumers to play recorded movies on their televisions. VCRs eventually declined in popularity following the introduction of DVD and Blu-ray players and after most people had Internet connections that allowed them to stream movies. A columnist for the Wall Street Journal notes that “the last known manufacturer of [VCRs], ceased production in 2016.” Therefore, nothing prevents you from establishing a monopoly in the VCR market. Draw a graph showing the situation your VCR firm would be in. Be sure to include on your graph your demand, marginal revenue, average total cost, and marginal cost curves. Indicate the price you would charge and the quantity you would produce. Are you likely to make a profit or a loss? Show this area on your graph.