For the rest of the problem, ignore the inverse demand function stated at the beginning of the problem, and instead assume that the firm is one firm in a competitive market, where the inverse market demand function is P = 300-(Q/2,450)^2
For parts (i)-(m), assume that the market equilibrium price is P=246.
(i) Compute all of the points that satisfy the FOC for the individual firm.
(ii) Does the local SOC tell you anything useful about the solution to the firm’s problem’?