2. POM 'Wonderrl has recently developed a juice drink that it claims has several powerful benets of pom e granate uit owing to a high level of antioxidants. A successful marketing campaign has resulted in the following market demand for POM= s pomegranate juice: QD=4UU 5sp where the price P is measured in \"is-"bottle and quantity demanded QB is measured in thousands of bottles. POM wonderful had a fixed cost of mm faces a constant marginal cost. POM Woptimal price is $5.5U;'hottle. (a) Calculate POM W prot. Clearlyr show all my illustrate your answer using a welllabeled graph. [.Note: The optimal price is $5.5l'hottle, but we do not know the marginal cost. All we know is that the marginal cost is constant. Drawing a graph will he helpful.] (l points) (h) gm, another company= enters the health 'uit juice market and produces a juice drink that is based on Acai fruit that is also known to he a good source of antioxidants. Won faces the same fixed cost= but has a lower marginal cost compared to POM Wonderful. WW marginal cost is 25% lower compared to POM 'Wonderful. Now, POM 'Wonderful and Won face the following demand CUTE-"ES: QP=3DSUPP+25P3 Qs=1U-3Fs+5PP where QP is the quantity of POM WonderJL GS is the quantity of 53W: PP is the price of POM Wonderful: and P3 is the price of Wop. Calculate the price= quantity= and prots for POM Wonderful and W. Clearly show all mid illustrate your answer using welllabeled graph(s). [15 points) (c) Discuss the implications in this market if consumers perceive the juice from POM W'onderful and Wagon. to virtually indistinguishable. [You do not have to show any calculations for this part of the question. Howey-er= you need to discuss all po ssihle scenarios that might emerge in this market when the juices produced by each company are perfect substitutes] (lCI points)