4. The auto industry in the US. has long been dominated by the Big Three carmakers: Ford, General Motors, and Chrysler. The auto industry in China. on the other hand, has more than 170 carmakers. Automakers in the US. have some monopoly power while the car market in China has the characteristics of a perfectly competitive market Based on these differences in market characteristics, explain how car makers in the US. will \"behave" compared to carmakers in China. In particular, address the following considerations: 0 How will the price of cars in the U5. compare to the price of cars in China, everything else being equal? How will the profits of carmakers in the US. compare to the prots of carmakers in China, everything else being equal? How will carmakers in the US. respond to consumers' desires compared to Chinese carmakers' response to consumers' desires, everything else being equal