In the dominant-firm price leadership model the market demand, fringe supply, and marginal cost for the dominant firm are given below: P=400Q.P=100+2 qf. MC=100+1/3qd. a) Solve for the maximized price the dominant firm will set, and total quantity supplied in the market. b) Suppose now the dominant firm can invest in new technology to reduce costs such that their new marginal cost curve would be MC=100+1/4qd. What would be the maximum amount the dominant firm would spend on this technology