(d) Set MR = MC for the manufacturer and find the quantity it sells and the wholesale price it charges. Then find the retail price and retail quantity. Write all your answers in terms of C. (Note: for each product the manufacturer produced, consumer will get one final product. Like engine and Car, manufacturer quantity to retail quantity is 1:1 ratio.) (e) Find the profits of the manufacturer and of the retailer. (f) Now find the price, quantity, and profits if the manufacturer and retailer were integrated (and assuming away any efficiencies in either direction). Argue that the double marginalization has resulted in higher prices and lower combined profits. Everyone loses with double marginalization.Question 2: [2D pte] A monopoly manufacturer with marginal cost. (3' sells its product at wholesale price pm to a. monopoly retailer. The retailer has no additional marginal costs of retailing except. the wholesale price. The (i11verae) market demand curve is: P = 3 2