= A monopoly produces and sells widgets to a continuous, unit measure population of con- sumers (think of each consumer as infinitesimally small), according to the demand function Q1P if 0 P 1, and Q = 0 if P > 1. In this equation, Q 0 represents the quantity demanded when the price chosen by the monopoly is P > 0. The monopoly profit is II = ((1-t)P - c)Q, where 0