of production. (Buyers come and pick up their manure themselves.) Market demand is given as P=2244Q,MR=2248Q, and MC=ATC=0. Complete parts a thro a) If Steve and Michelle agree to split the monopoly outcome, how much would each farmer produce and what would be the individual profits? Each farmer would produce 14 cubic yard(s). The profit for each farmer would be $1568. b) Suppose Steve decides to cheat on the agreement and produces 18 cubic yards. What is Steve's profit now? What is Michelle's profit now? Steve's profit is now $ Michelle's profit is now $ c) Suppose Michelle considers retaliation and thinks about producing 18 cubic yards. What would her and Steve's profits be in this case? Should Michelle retaliate? In this case, Michelle's profit would be and Steve's profit would be 9 Michelle retaliate. d) Illustrate the Nash equilibrium as a prisoner's dilemma matrix. Complete the prisoner's dilemma matrix below. Which cell(s) of the prisoner's dilemma matrix is the Nash equilibrium? Select all that apply. A. The top left cell 3. The top right cell c. The bottom right cell D. The bottom left cell E. There is no Nash equilibrium