Suppose a monopolist's costs are described by the function C(Q) = 5 + Q2 and the monopolist faces a demand curve of Q = 12 P. (a) What are the monopolist's prot-maximizing price and quantity? What is the resulting prot? (b) If the monopolist could enforce rst degree price discrimination in this market, what would be the lowest price it would charge and how many units would it produce? What would be the prot and consumer surplus? (c) How much consumer surplus is absorbed by the monOpolist in moving from a system of uniform pricing to rst degree price discrimination