Question 12 of 25 Attempt 1 Market Power and Monopoly - End of Chapter Problem The inverse demand for Harley Davidson motorcycles is given by P = 40,000 - 10Q, where P is the price in dollars, and Q measures the number of units sold each month. Harley Davidson is currently producing motorcycles at a constant marginal and average cost of $16,000. a. Solve for the profit-maximizing price and quantity of Harley Davidson motorcycles. 2400 16000 Q = P = $ Incorrect Incorrect b. Heavy tariffs on imported steel drive up Harley's marginal and average cost by $2,000. How do these tariffs affect Harley's profit-maximizing price and quantity? Q = P = $ Incorrect Incorrect 04:30 W H : P 9 1 5 - L M o 55OF calls ENG