$1.$Please read the article reprinted below titled $$Notable & Quotable:$$ Gouging$($March $31,2020)$ and answer the following questions.$$ Note:$$ The phrase $$price$-$gouging$$ refers to a situation where some sellers are charging prices $($e$.$g$.,$ for health equipment and supplies$)$ that are well above the market price charged by other sellers. Explain why it is not possible for individual sellers to charge a price above the market price assuming a perfectly competitive industry.