16.67 points Save Answer PROBLEM Tobac Co. is a monopolist in the cigarette market in Nicotiana Republic, where the U.S. dollar is used as the official currency. The firm faces the demand curve given by P = 20 - 2Q, where Q is the quantity demanded (in millions of packs) and P is the price per pack (in $). That is, Q=0 implies P=20, then Q=1 implies P=18, and Q=2 entails P=16, and so one. The marginal cost is $6. Determine, 1. The quantity produced and the amount of maximum profits. 2. Price and quantity to yield the efficient solution 3. Redo (1) when the government pays a production subsidy equal to 2 (per unit sold)