[Solved] Amonopoly'sinversedemandfunctionisp=1602Q

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Amonopoly'sinversedemandfunctionisp=1602Q,andithasnofixedcost.Initially,itsmarginalcostis12.Now,thefirmmakesaprocessinnovationthatreducesitsmarginalcostto4.Determinetheprice,quantity,consumersurplus,profit,totalsurplus,anddeadweightlossbeforeandaftertheinnovation.Whatshareoftheincreasedtotalsurplusgoestoconsumers?

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