Consider a homogeneous product industry with inverse demand functionp = 36 - Q.a) Assume that the industry is initially monopolized by an incumbent firm (firm I) which has the exclusiveright to use the state-of-the-art technology summarized by the total cost function C = 12Q.Find the initial monopoly equilibrium (price, quantity, industry profit, consumer surplus and total surplus)and the associated degrees of concentration (Herfindahl index) and market power (Lerner index)