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Solve clearly 2. Suppose the entire supply of krypton in the world is controlled by 20 people, each owner possessing 10,000 grams of this powerful

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Solve clearly

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2. Suppose the entire supply of krypton in the world is controlled by 20 people, each owner possessing 10,000 grams of this powerful mineral. The world's demand for krypton is Q = 1000 1000]: p is the price oszrypton. (a) If all owners conspire to control the price of krypton, what is the price they set? What is the amount they are able to sell? (b) Why the price calculated in (a) is unstable

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