function is Q = 200 - P/2, while the total cost function is C = 285 + 20Q. 4a. Calculate the balance of P, Q, and Profit. 4b. Calculate the market power (Lerner Index) of the company. Thank you for the help Bartleby Suppose the demand function changes to Q = 200 - P/3. Assuming the total cost function does not change. 4c. Calculate the new P, Q and Profit balance. 4d. Calculate the new market power (Lerner Index). 4e. Compare the two conditions, what can you say about the condition of the market power if there is a change in demand?

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