Suppose the demand for goods 1 and 2 are respectively1=10-1+2/2and2=10-2+1/2. No costs are incurred to produce goods 1 and 2.

A)Explain whether the products are substitutes or complements.

B)Suppose monopoly 1 produces good 1 and monopoly 2 produces good 2. Determine the profit maximizing price set by each monopoly.

C)Suppose a single monopoly produces both goods. Determine the profit maximizing price for each good produced by the monopoly.