Saltanat has a monopoly on ginger (имбирный) cookies in Almaty.  The inverse demand function for the cookies is P = 100 – Q, where P denotes price and Q denotes quantity.  The marginal cost is zero.  a)Calculate P, Q and profits, if Saltanat maximizes profits. b) Now suppose instead that the ginger-cookie industry is competitive.  Calculate P, Q and profits.

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