3. For the large country case you've just explored, consider the following four different license-allocation methods for enforcing the quota: (a) The U.S. government auctions off licenses to the highest-bidding U.S import companies. (b) The U.S. government gives the licenses, without charge, to U.S. import companies, in quanties based on each company's market share (out of total U.S. imports) in the years before the quota was imposed. [This is an example of the \"fixed formula\" license allocation mechanism] (c) The U.S. government gives the licenses, without charge, to U.S. import companies, in quantities based on the strength of the \"legal case\" made by each company. [This is an example of a \"resource using" license allocation mechanism. Assume that the value of the resources used to obtain each license is equal to the value of each license.] (d) The U.S. government gives the licenses, without charge, to ROW (exporting country) governments. For each of these allocation mechanisms, determine the monthly change in benets (in dollars) for [K (I each group in the table below. Use a \"+\" sign for gains, and a sign for losses, and give numbers (millions of dollars per month) [Hint if you draw a graph and calculate numerical values for various areas, you will save yourself a lot of time and repetitive calculations] Organize your answers in a table (or fill in the table below and turn it in with your answers). Changes in (a) U.S. government (b) U.S. (c) U.S. (d) U.S. government welfare in the U,S_ auctions licenses to government gives government gives gives licenses to U.S. import licenses to U.S. licenses to U.S. exporting companies import companies import companies country government(s) based entirely on based on the legal without charge previous market case they make for share ettin; them U.S. consumers U.S. producers U.S. government U.S. as a whole (Change in total welfare from the uuota Who in the U.S. (if anyone) captures the I uota rents? Other U.S. (Identify group, if an \f\f