2. PR Run 53' Walk is the only running store in Richmond, so we will consider it a monopoly. The demand for carbon platted shoes in Richmond is (1(1)) : 150 3p. PR Run 85 Walk has total costs given by the function: C(q) = 20 + 20!; q2. What quantity and price do maximize the prots of the running store? (a) 10* = 10 (1* = 120 (b) 'p* : 15 (1* : 105 (c) p* = 20 q* = 90 (d) 39* = 25 q* = 75 (e) 10* = 30 (1* = 60 3. PR Run E? Walk decides to expand their business and open a store in Annapolis Where it is also the only running store. Assume that PR Run 33' Walk can sell at different prices in each location. The demand for carbon platted shoes in Richmond (r) stays the same: qpr) = 150 3p?\" The demand for carbon platted shoes in Annapolis (a) is qa(pa) : 120 230%. The new total costs function is given by the function: C (gmqa) = (qr + qa)2. What of the following represent the prot maximizing prices and quantities? (a)p:=45 q:=15 ; p3=55 q:=10 (b)pi=% q:=125 ; 232:? (13:15 (C)p:=% q:=10 ; pg=1_0 q;=%_o (d) P:=49 qi=3 ;p;=51 (13:18 (6)10:=43 q:=21 :102;=57 I122=6