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(1 mark) Consider a monopolist who produces a good at zero cost and faces the following inverse demand function: p_f200-Q, Q 80, where P and
(1 mark) Consider a monopolist who produces a good at zero cost and faces the following inverse demand function: p_f200-Q, Q 80, where P and (Q denote price and quantity respectively. In what follows, round your answers to three decimal places if necessary. Monopolist's profit is maximised at P | Q- | (1 mark) Suppose everything is the same as in part (a) except the inverse demand function where the inequalities have just switched places. The new inverse demand function is p=[200-Q, @>80, 1360-3Q, Q
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