broeing sells airplanes to minor airline companies who specialize in flights from major cities to popular spring break destinations and house music festivals. they sell fully manufactured planes, and this is the only line of business they engage in in the ordinary course of their business. they do not provide any maintenance or installation services. once the terms of the contract have been agreed to and the customer remits consideration to broeing, the plane is shipped to the customer. broeing assumes the risk in transit when delivering an airplane to a customer. upon arrival, the customer then assumes all of the rights and responsibilities that come with full legal title of the plane

Suppose the marginal damage and marginal benefit curves in a polluted neighborhood are md = p/3 and mb = 4 – p. also, suppose that transactions costs are low, so that the consumers and the firm can bargain. we saw that in this case, the socially-optimal level of pollution is achieved. start by computing the socially-optimal p. then, for each of the following cases, compute the amount of money transferred through the bargaining process, and indicate who pays whom (i. e., whether consumers pay the firm, or vice versa). also, compute the gains to each party relative to the status quo (i. e., the starting point of the bargaining process).a)consumers have the right to clean air; firm is dominant in the bargaining process. b)consumers have the right to clean air; consumers are dominant in the bargaining process. c)firm has the right to pollute; firm is dominant in the bargaining process. d)firm has the right to pollute; consumers are dominant in the bargaining proces