a) The islanders are currently selling the coconuts in a competitive market. Wha

a) The islanders are currently selling the coconuts in a competitive market. What prices do the islanders receive for their coconuts and what is the total profit that the island receives for the sale of the coconuts?Price:________Profit:________b)While some of the islanders have in the past tried to charge higher prices for their coconuts they are always thwarted by a few of their colleagues who sneak out to the cruise ships at night and sell coconuts to the yuppies for lower prices. However elections on the island have recently resulted in a new government whose policy will be to confiscate some of the coconuts and burn them on the beach before they can be sold. If the government is interested in maximizing the profit of the islanders from selling the coconuts how many should they burn what profit would the island earn and what would be the deadweight loss?Coconuts Burned: _____Profit: ____________Deadweight Loss:__________