Complete the following table with the formula (P1) * (payoff if state 1) + (P2)* (payoff if state 2), where P1 and P2 are the probabilities of state 1 and 2, respectively. 
Definitions:
Marginal Cost
The additional total expense that results from the creation of one more unit of a product or service.
Monopoly Power
The ability of a single seller to control prices and total market supply in an industry.
Social Cost
The total cost to society, including both private costs borne by individuals and external costs affecting others not directly involved in a transaction.
Profit Maximizing
Profit maximizing is the process by which a firm determines the price and output level that returns the greatest profit.
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