i) Detail the trajectory of equilibrium for a new entrant into this industry. Justify your explanation. (5 marks) ii) Explain the equilibrium trajectory for a potential entrant seeking to join this industry, assuming the incumbent firm has effectively prevented entry. (5 marks) iii) Explain the impact of price ceiling on rental prices. Use a diagram to explain your answer. (5 marks) iv) Labour is an important factor of production. Using a diagram explain what the impact of price floor on labour in the short and long run? (5 marks) v) Define 'incentive conflict' and identify its underlying causes. Examine the problems arising from incentive conflicts. Evaluate three (3) managerial approaches for controlling incentive conflicts