Qumtiuu 3 1 J LiICl':!\"\"| is a monopolist in the local market of icecream. The inverse market demand is given by P=13 H.212; where P and Q are the market price and quantity of icecream scoopsr respectively. The cost function of producing Q units is given by the cost function GHQ} = @- Based on the above information, answer the following Questions. {a} . Find the profitmaximising price. and quantity. AND compute the monopolistic profit for LiCk!"". [b] 'Measure the price influence of LiCle" as a monopolist. [c] L at What quantity would be produced if instead LitIIld1r|ll cannot set and! or influence the market price at all