Suppose that the U.S. government places a ceiling onthe price of Internet access.a. Show why there is a shortage of lnternet access atthe legal Price.b. Suppose that a black market for Internet providersarises, with Internet service providels developinghidden connections. Illustrate the black marketfbr lnternet access, including the implicit supplyschedule. the legal price. the black market supplyand clemand. and the highest feasible blackmarket price.
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