5 Market Structure [13 pts] You have been hired as a consultant for American Airlines. You are given the following information about the market for flights from Cedar Rapids to Orange County. You also know that American Airlines has no fixed costs and it costs American (and United) $350 for each additional passenger. Table 1: Market for Airplane Tickets Pticket Qd TR(PQ) MR $700 200 $140,000 $650 300 $195,000 $550 $600 400 $240,000 $450 $550 500 $275,000 $350 $500 600 $300,000 $250 $450 700 $315,000 $150 $400 800 $320,000 $50 $350 900 315,000 -$50 $300 1,000 300,000 -$150