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(1 mark) Consider a monopolist who produces a good at zero cost and faces the following inverse demand function: P={100Q, 9340, 18039, Q>40, where P
(1 mark) Consider a monopolist who produces a good at zero cost and faces the following inverse demand function: P={100Q, 9340, 18039, Q>40, 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 MS Q=D (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 100 Q, Q > 40, 180 3Q, Q S 40. Monopolist's profit is maximised at ED (FD
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