just need help with the last "how much profit will each firm earn as a result of privatization"

ch8q14

The French government announced plans to convert state-owned power firms EDF and GDF into separate limited companies that operate in geographically distinct markets. BBC News reported that France's CFI union responded by organizing a mass strike, which triggered power outages in some Panis suburbs. Union workers are concerned that privatizing power utilites would lead to large-scale job losses and power outages similat to those experienced in parts of the eastern coast of the United States and parts of ltaly in 2003 Suppose that prior to privatization, the price per kilowatt hour of electricity was C0.13 and that the inverse demand for electricity in each of these two regions of France is estimated as P=1.350.002Q (in euros). Furthermore, to supply electricity to its particular region of France, it costs each firm GQ=120+013Q (in eufos). Once privatized, each firm will have incentive to maximize profits Determine the number of kilowatt hours of electricity each flirm will produce and supply to the market, and the per-kliowatt hour price Quantity of kilowatt hours supplied: Instructions: Enter your response rounded to two decimal places. Per-kllowatt hour price: Compute the price elasticity of demand at the profit maximizing price-quantity combination. Instructions: Enter your response rounded to two decimal places Does the price elasticity at the profit-maximizing price-quantity combination make sense? Yes - with finear demand, a monopolist will never maximize profit on the inelastic portion of the demand function. No - with linear demand, a monopolist will never maximize profits on the elastic portion of the demand function. Yes - with linear demand, a monopolist can maximize profits on any portion of the demand function. No - with linear demand, a monopolist always maximizes profits where elasticity is -1. How much more profit will each firm earn as a result of privatization? Instructions: Enter your response rounded to two decimal places