In the province Manitoba, Canada, farmers pay a lower price for electricity than do city residents.

• Comment about the efficiency and fairness of this allocation of electricity.
• Study and comment (explain with words + graph) the welfare of market participants if farmers were charged the same price as city residents pay.
• If market price is the allocation scheme used, evaluate the efficiency of allocation of water.
• Can the social planner raise the total economic well-being? Explain with words and graph.