Monopoly . Apple started selling the iPad on April 3, 2010. Users interacted with the iPad using Apple's multi-touch, finger- sensitive touchscreen, and virtual on-screen keyboard. People loved the original iPad. Apple basically had a monopoly for the first year, about 87% of the domestic market and 62% internationally. Today, over 100 iPad competitors have entered the market, and Apple's international market share has dropped to 24.5%. Your firm has developed the following market demand and cost curves for Apple's iPad: [Hint: P * MR] P = 990 - 11Q TC = 21,360 + 22Q P is the price of iPads ($), Q is the quantity of iPads (millions), and TC is the total cost (billions of $). 1. Monopoly. . In the short run, Apple still enjoys monopoly power, calculate quantity, price, and profit for Apple's iPads as a monopolist. Report values as calculated. Round the quantity to a whole number and round price and profit to two decimal places. Q= P= n= 2. Select the graph capturing the solution in question #1. Record your answer by letter, e.g., Z. ATC AC -P . MR B AR -P . MR - AR Quantity D E F Quantity Quantity