Problem \\ A monopolist has decided to build three stores in a town built along a single one mile long road. Consumers value the product at V = 500 and traveling the whole length of the town and back costs t = 210. a) Where along the road should the monopolist locate its three stores? Explain. b) What is the highest price the monopolist can charge, while still serving the whole market? Show and explain your calculations. c) Given b), what is the biggest consumer surplus anyone in this town will get? What is the smallest anyone will get? Explain your conclusions (1) How would your answer in c) change if the monopolist instead built four stores in town, optimally placed from the monopolist's point of view