Euliani Telecom will only be offering a single monthly plan {unlimited talk, textI and data] and is still unsure of what price they will end up offering tor this wireless mobile service. Since Euliani will essentially only be competing with one existing company in most rural markets there will be an expected transition from the existing monopolies to ICournot duopolies since: '1] There are usually only two firms in 'die rural markets serving millions of potential customers 2] The rms produce essentially homogeneous pro ducts 3] Each firm essentially has xed capacity or output 4] Barrie rs to entry for other firms are very high Mr. Euliani anticipates that prices will be lower given this change but needs your help determining what the equilibrium price is and what the expected prots {not including fixed costs} will be for the company. Eulia ni Telecom analysis have estimated the yearly inverse market demand to be {quanties are in 1300's}: P = 140 0.021101 + 02) The estimated yearly casts for Euliani Telecom to be: C 1 [Q 1 J = 2 6 Q 1 They estimated yearly costs for whoever their sale competitor {one of Talus, sell, and Rogers] ta be: (32 [QB] = 2002. M r. Euliani would love to be able to present to the board of directors the expected equilibrium price and expected yearly profits at the next board meeting coming up next week