3) [12 points] Assume downward sloping demand for Torontofocused emagazines. There are only two: Uptown TO and DowntownTO. Buyers consider them identical. The companies compete by choosing pricein whole centsat the same time. There is demand at all prices 11p to $10= and the only marginal cost is the $1 percopy fee charged by the Apploid Store for each copy purchased. 3a) [6 points] The pandemic has increased every consumer's Marginal Willingness to Pay for an emagazine by exactly $2. Claim: Downtown's prot from its best response to Uptown choosing a P = $4 increases with this change. Agree, Disagree or It Depends? Explain your reasoning. 3b) [6 points] Continue to assume the pandemic has increased every consumer's Marginal Willingness to Pay by exactly $2. Explain how this effects each firm's equilibrium price and quantity