1. (10 points) Hunting Permits: anyone who wishes to hunt for mountain goats must first obtain a goat permit. Each year approximately 500 people apply for goat permits. A lucky draw is held to select 50 winners. Each winner may then purchase a goat permit for $50, entitling him to kill one goat (which is worth a lot more than $50) over a one-year period. The permits are not legally transferable nor can they be resold. Each year about 10 of the 50 permit holders succeed in killing a goat. If the goat permits are allowed to be resold in a free market, would the market price be higher or lower than the official price of US$50? And would more goats be killed