(a) Will the \"producer producer\" rivalry lead to higher prots or lower prots for the rms involved? Please give an explanation. (b) What impact might government regulation have on the \"producer-producer\" rivalry (increase or reduce the rivalry)? Please explain 5. (5 points) Assume that Joe consumes Food and clothing. Clothing (a) Please draw the consumer's indi'erence curve and show the equilibrium point (Utility maximization point) for the consumer and label it \"A\". (b) 0n the same graph that you have drawn for (a) please show what would happen to the budget line if the price of food increased and the price of clothing decreased. You must not draw a different graph for (b) but answer (b) on the same graph as for (a)