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A company provides cable TV and broadband internet connection as a natural monopolist. It has a fixed total operation cost of $1 million per day regardless of the number of households that subscribe to either service. There are no variable costs. The inverse demand for cable TV (product 1) is P1 = 1 2q1 and the inverse demand for broadband internet (product 2) is P2=292 The quantities are measured in millions and prices in dollars per day. (a) Derive the consumer surplus in both markets as a function of ql and (12, respectively. (6 marks) (b) What is the maximum share of the fixed cost that each mar- ket's revenue could cover? (6 marks) (0) Find the Ramsey prices and the associated consumer sur- plus in each market. Explain - in two to four sentences the principle of cost allocation across markets implied by Ramsey pricing. (18 marks)