The following integrated series of questions relates to several sections in the text. scenario 2: suppose a stream is discovered whose water has remarkable healing powers. you decide to bottle the liquid and sell it. the market demand curve is linear and is given as follows: p = 30minusq the marginal cost to produce this new drink is $3. refer to scenario 2. what will be the price of this new drink in the long run if the industry is a stackelberg duopoly?

a. $13.50
b. $9
c. $12
d. $3
e. none of the above

You would like to purchase one class a share of berkshire hathaway through your scottrade brokerage account. scottrade charges a ​$6 commission for online trades. you log into your​ account, check the​ real-time quotes for berkshire hathaway​ (you see a bid price of ​$262 comma 900 and an ask price of ​$263 comma 730​) and submit your order. a. what is the current​ bid/ask spread for berkshire hathaway class a​ shares? b. if scottrade routes your buy order to the​ nyse, where berkshire hathaway is​ listed, what's the potential minimum your total transaction costs will​ be? c.​ if, instead, scottrade routes your buy order to​ nasdaq, where berkshire hathaway is not​ listed, what's the potential maximum your total transaction costs will​ be? d. regardless of how your trade is​ executed, based on the​ bid/ask spread, what is the market value of your​ trade? a. the current​ bid/ask spread for berkshire hathaway class a shares is ​$ nothing. ​(round to the nearest​ dollar.)