26.2 {0) The residents of Seltzer Springs, Michigan, consume bottles of mineral 1water according to the demand function 19(1)} : LOUD 31. Here 3(1)} is the demand per year for bottles of mineral water if the price per hottle is p. The sole distributor of mineral water in Seltzer Springs, Bubble Up, purchases mineral water at e per hottle from their supplier Perry Air. Perry Air is the only supplier of mineral water in the area and behaves as a prot-maximizing monopolist. For simplicity we suppose that it has zero costs of production. {1] What is the equilibrium price charged by the distributor Bab-Me Up? {2} What is the equilibrium quantity sold by Bubble Up? (3] What is the equilibrium price charged by the producer Perry Air? {4] What is the equilibrium quantity sold by Perry Air? (5] What are the prots of Bubble Up? (6] What are the prots of Perry Air? (7} How much consumer's surplus is generated in this market? (3] Suppose that this situation is expected to persist forever and that the interest rate is expected to be constant at \"3% per year. What is the minimum lump-sum payment that Perry Air would need to pay to Bubble Up to but.r it out? {9] Suppose that Perry Air does this. 'What will be the new price and quantity for mineral water? {Ill} What are the prots of the new merged rm