Question: _A firm's demand function is given by Q = 20 - 2P. Assume there is no cost. a) What is the |(monopolist) firm's profit

_A firm's demand function is given by Q = 20 - 2P.

_A firm's demand function is given by Q = 20 - 2P. Assume there is no cost. a) What is the |(monopolist) firm's profit maximizing price and quantity? b) What is the price elasticity of demand at this price and quantity? c) What is the value of the Lerner index at that point?

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