can some one help me with this question? The monopoly cost function is given TC = 500 + 12 × Q + 0.5 × Q^2 and the demand function for the products of this monopoly in two markets: Q1 = 400 - 2 × P1, Q2 = 1250 - 5 × P2. There are no other sales markets. Find the volumes of sales and prices in each of the two markets at which the total profit of the monopoly will be maximized.

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Perfect Competition

It is the structure of the market that is said to exist when with many buyers and sellers exchanging similar commodities and its price is fixed by the market forces, demand, and supply, and a single firm cannot cause an impact over the price or market value of the homogenous product. This structure of the market is called perfect competition.