A monopolist has the following equations for demand, marginal cost and average total cost: Demand: P = 20 - - Q MC = 20 + 2 ATC = Q+2+ Find the profit-maximizing quantity (Q*) and price (P*). O Q* = 6, P* = 17 O Q* = 6, P* = 14 O Q* = 8, P* = 16 O Q* = 16, P* = 8For the firm in the previous question, calculate the firm's profit () if it chooses the correct Q* and P*. On = 0 On = 84 O n = 56 O T = 46