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Please write clearly and show all formulas explaining how you did them. I am new to these topic. Much appreciated! 4. One of the pandemic

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Please write clearly and show all formulas explaining how you did them. I am new to these topic. Much appreciated!

image text in transcribed
4. One of the pandemic measures adopted by the city of Regina consists of a food-delivery fee cap (minimum fee) of 14% of the pretax order price. This fee is diarged by delivery services such as Uber Eats, DoorDash, and Skip the Dishes. Some restaurants in the city argue that the cap (in percentage terms) is to high due to the small prots earned in this industry. 4.1. Represent graphically the equilibrium in the market for food (restaurants) in the city in the absence of any intervmtions. (2M) 4.2. Show the effect of the food-delivery fee cap on the outcome of this market and consumer and producer Sui-plus. Qatar-ks) 4.3. Explain and show.r graphically why some restaurants in the city complain alarm: the food-delivery fee cap being too high. (2mm) 4.4+ Suppose that the market For restaurants in Regina is a market with monopolistic competition. [Explain how restaurants in this market transition from the short-run to the long-run equilibrium. IWhat is the role of the [uni-delivery fee cap in this transition? (2mm)

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