3. New type of storage disc was invented by a company NewDisc. It has production facilities in country A, which has a constant marginal cost, MC=6. It will monopolistically sell these discs in country A and Europe. Through market research, the market demands of country A and Europe are specified by the following demand curves: pA =132-60, and PE = 200-40,. a. Draw the graph of world demand combining country A's and European demand (ew = QA + (E). b. Suppose that a product can be easily traded between Europe and country A so that the same product can be traded at the same price. What is the profit maximizing quantity and price? c.Due to the different technology standards, discs sold in country A cannot be used in Europe and vice versa. Therefore, NewDisc can set the different prices in Europe and in country A. What would be the profit maximizing quantities and prices in each market? Compare prices with one in b)