Question: 1 . Suppose a monopolist faces the inverse demand function and has a total and marginal cost function of and a . Find the profit

1. Suppose a monopolist faces the inverse demand function and has a total and marginal cost function of and
a. Find the profit-maximizing price and quantity, and the associated profits. (6 points)
b. Suppose demand increases such that the demand curve changes to . Calculate the new market price, quantity, and profits. (6 points)

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