Suppose that Canada Goose and Moose Knuckles are two of the largest producers of a heavy duty winter coats. The marginal cost of making such winter coats is constant at $1,000 per unit and there is no start-up cost. The demand for this category of winter coasts in Ottawa is described by the following schedule. Price Quantity 8,000 5,000 7,000 6,000 6,000 7,000 5,000 8,000 4,000 9,000 3,000 10,000 2,000 11,000 1,000 12,000 a. If the market for the winter coasts in Ottawa were perfectly competitive, what would the price and quantity be? b. If there were only one supplier of winter coats, what would the price and quantity be? c. What is a cartel? d. If Canada Goose and Moose Knuckles formed a cartel to charge the monopoly price, what would be the price and quantity by each firm, if two firms split the market equally. What would be Canada Goose's profit? e. What would happen to Canada Goose's profit if it increased its production by 1.000 while Moose Knuckles stuck to the cartel agreement? 199+