Suppose a firm’s inverse demand and cost equations are of the general forms P = a - bQ and C = F + cQ, where the parameters a and b denote the intercept and slope of the inverse demand function and the parameters F and c are the firm’s fixed and marginal costs, respectively. Apply the MR = MC rule to confirm that the firm’s optimal output and price are: Q = (a - c)/2b and P = (a + c)/2. Provide explanations for the ways P and Q depend on the underlying economic parameters.