Question 3 [5 marks] In a six-rm market, if all rms charge the monopoly price, the per-period industry prot equals $5 00,000. In that same six-rm market, if all rms charge the prevailing price, the per- period industry prot is $250,000. If the pricing period is one-month long, What is the maximum discount rate required for each rm to have an incentive to independently price at the monopoly level? Show your work for full marks