Suppose a bakery must bake bread at a constant unit cost of production of $1 before it observes the demand for bread. It will have either 100 or 50 customers, and each outcome is equally likely. Each customer de- mands one loaf of bread, provided the price is $5 or less. What are the optimal price and number of loaves if the bakery is a monopoly? Suppose the most con- sumers would pay for a loaf of bread is $1 .50 . How do your answers change?