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Kia Motors manufactures cars that are sold through dealers. The (daily) demand for Kia cars in a certain market is given by q (p)

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Kia Motors manufactures cars that are sold through dealers. The (daily) demand for Kia cars in a certain market is given by q (p) 3. p + 118 and let the (constant) marginal cost of manufacturing a car be: MC = 11 To begin with, assume that Kia does not own its dealers but instead sells the cars to them at a wholesale price of w. If there is a single dealer with an exclusive right to retail Kia's cars, find the profit-maximizing quantity the dealer will set as a function of w If there is a single dealer with an exclusive right to retail Kia's cars, find the profit-maximizing retail price the dealer will set as a function of w If there is a single dealer with an exclusive right to retail Kia's cars, find the profits of the dealer as a function of w

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