Consider the firm Tiger Belly, Inc. whose CEO Khalyla is being accused of attempting to monopolize the market for condenser microphones. At the time of the suit being filed, Tiger Belly controls 26% of the market and charges 5% more than the competitive level. Additionally, another firm that produces condenser microphones, SANTINO, has evidence that Tiger Belly conspired to exclude them from the market. Is there enough evidence to convict Tiger Belly of attempting to monopolize? If not, which condition isn't satisfied? O No. There weren't any antitrust violations. No. There isn't evidence of specific intent to monopolize. Yes there is enough to convict Tiger Belly. "O No. Tiger Belly doesn't have a dangerous probability of gaining monopoly power.D Question 2 1 pts Suppose a firm possesses monopoly power in two distinct markets with the following inverse-demand curves: . P1 = 14 - 3q1 o P2 = 13 - 2q2 Production occurs at a central location with marginal cost given by MC = 0.5(q1 + q2) - 12 Assuming the firm maximizes profits, what price will be charged in market 2? (1.e. find P 2 ")Question 1 1 pts Consider a firm that is deciding whether or not to pursue a predatory pricing scheme with the following details: . Discount rate = 0.1 . Predation stage lasts 2 years . Total amount of time in the market is 5 years . Losses incurred during predation stage - 166 . Profits enjoyed during recoupment stage - 189 What is this firm's Net Present Value from engaging in predatory pricing