Assume that the size of the US premium vodka market is 20,000, and that the fixed cost associated with establishing a premium vodka firm is $120,000

Assume that the size of the US premium vodka market is 20,000, and that the fixed cost associated with establishing a premium vodka firm is $120,000. Furthermore, the price function for premium vodka 240 can be written P = 46+ where n is the number of firms in the market. Marginal cost of producing one bottle of premium vodka is $46. a. Find the number of firms in the US premium vodka market and the price of one bottle (unit) of vodka. b. Assume that the Russian vodka market faces the same price function and costs. However, the size of the Russian vodka market is 30,000. Find the number of premium vodka firms in the Russian premium vodka market and the price at which premium vodka sells in the Russian market in autarky. Assume now that the US and Russia start trading. Would the combination of the Russian and US premium vodka markets lower prices? What would the new price be? d. If your uncle ran a premium vodka distillery in the US, would his firm be in danger? How many premium vodka firms would be left after trade? e. As an avid consumer of premium vodka, are you happier with the combined market? Why or why not? c.