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Hello, I'm not sure if my approach is correct for this problem. My thought is to first find the monopoly price (P_m) by these steps:

Hello,

I'm not sure if my approach is correct for this problem. My thought is to first find the monopoly price (P_m) by these steps:

step 1 = find where c = C(Q) to get Q_m (Monopoly quantity)

step 2 = find P(Q_m) which is/equal to the Monopoly price (P_m)

However, in step 1, I am stuck at step 1. In what terms should Q_m be? Is my approach correct? How do I complete the rest of the problem?

Thank you!

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