Snidely Whiplash owns all the houses in the Yukon Territory, where he chargesthe highest rent the citizens (who are all identical) are willing to pay. Snidely hasjust bought all the grocery stores in town. Should he charge a monopoly pricefor groceries? (Hint: Start by using a graph to illustrate the market for groceries.If Snidely charges monopoly prices at the grocery store, how much will he haveto lower the rent on houses to prevent everyone from leaving town?)