1. Consider the market for cubic zirconium in China. Chinese companies use cubic zirconium as an input for industrial appli- cations or jewelry manufacturing. Total demand is P = 600-0.1Q. Domestic producers supply the product with domestic industry supply curve P = 0.05Q,- (Subscripts D and I refer to Domestic and Importing producers.) However, a global market also supplies cubic zirconium to Chinese buyers (with free trade). Due to vast cubic zirconium mines deep in the Misty Mountains of northern Kazakhstan, the industry is perfectly competitive at global price of 100. a Given these imports, what are P, Q, CS, and PS, in China