• Assume that TCT Pork Meat is a monopolist sausage producer in Vietnam. Thanks to the EUVNFTA, a German sausage producer, Deutsche Wurst, exports its products to Vietnam, which transforms the sausage market into a duopoly market. How would "setting a quota" for German sausages change the consumer surplus (CS), the producer surplus (PS) and the tariff revenue (TR) in Vietnam? Your answer must include the followings.

1. a graphical analysis using the Cournot model - 150
2. an analysis using the Bertrand model (Krishna with simultaneous move assumption) - 150
3. a comparison of the two models. -150