QUESTION 12 Suppose Delta Airlines is a monopolist in the Atlanta market with a demand schedule: P = 400-.5*Q, and marginal cost schedule MC=AC=Scomp=100. What price would Delta charge if it were regulated and forced to set price at the competitive level? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 102. If you get 102.56, do not round or enter any decimal places, just enter 102 and nothing else for the answer.QUESTION 13 Now suppose United Air Lines enters the Atlanta market. Consider this to be an oligopoly market with two rms that behave in a Cournot Model fashion. The market demand schedule is cost schedule for both firms are: P = 400 - .5*Q, and rm level cost for both rms is MC=AC=Scomp=100. What is the Cournot Market Price? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 102. If you get 102.56, do not round or enter any decimal places, just enter 102 and nothing else for the answer. QUESTION 14 Now consider Atlanta as an oligopoly market with five airlines that behave in a Cournot Model fashion. The Atlanta market demand schedule is: P = 400 - .5*Q. The Cost schedule for Delta is: MC=AC=Scomp=100. The Cost schedule for the other four firms (United, Southwest, et al) is: MC=AC=Scomp=100. What is the Cournot Market Price? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 102. If you get 102.56, do not round or enter any decimal places, just enter 102 and nothing else for the answer.QUESTION 15 Again consider Atlanta as an oligopoly market with ve airlines that behave in a Cournot Model fashion. The Atlanta market demand schedule is: P = 400 - .5*Q. The Cost schedule for Delta is: MC=AC=Scomp=100. The Cost schedule for the other four rms (United, Southwest, et al) is: MC=AC=Scomp=60. In the previous scenario Delta's market share was 20% since all five rms were identical. What is Delta's new market share? Fill in the blank below with your answer. Your answer should be entered as a whole number such as 20 if the answer is 20.87%. That is, if you get a number such as 20.8?% do not round or enter any decimal places, just enter 20 and nothing else for the