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(1 mark) Consider a monopolist who produces a good at zero cost and faces the following inverse demand function: _ 360362, Q > 80, where

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(1 mark) Consider a monopolist who produces a good at zero cost and faces the following inverse demand function: _ 360362, 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 prot is maximised at H: as: (1 mark) Suppose everything is the same as in part (3) except the inverse demand function where the inequalities have just switched places. The new inverse demand function is mmQ Q>&L 3m3Q, Qng Monopolist's profit is maximised at H3 H3 P

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