Malaysia's monopoly auto manufacturer produces the Proton, which is protected from imports by a specific tariff, \(t\), on imported goods. The monopoly's profit-maximizing price is \(p^{*}\). The world price of the good (comparable autos) is \(p_{w}\), which is less than \(p^{*}\). Because the price of imported goods with the tariff is \(p_{w}+t\), no foreign goods are imported. Under WTO pressure the government removes the tariff so that the supply of foreign goods to the country's consumers is horizontal at \(p_{w}\). Show how much the former monopoly produces and what price it charges. Show who gains and who loses from removing the tariff.