1. Obtain the marginal revenue of this firm. Explain why it is different from that of a perfectly competitive firm2. Calculate the lump sum tax which would induce this monopoly firm to exit the market3. Calculate the incentive this monopoly would have to invest in a process innovation and explain4. Assume this monopoly has found a way to divide their consumer base into two identifiable groups. Discuss the impact this would have on the prices consumers pay

In a monopoly market you have an inverse demand function P=a-bQ, where Q is total market production and a and b are positive constants. Assume marginal costs of production are a positive constant c