\fNow suppose both countries open up to international trade with each other. For each country, use the previous graph to compute the equalizing price, consumption and production at that price, and the quantity of exports and imports when there are no transportation costs. Enter these amounts into the first two rows of the following table. Equalizing Price Consumption at Equalizing Price Production at Equalizing Price Exports Imports ( Dollars) (Cars) (Cars) (Cars) (Cars) Without Transportation Costs Glako Baxton With Transportation Costs Glako Baxton Now suppose that the per-unit cost of transporting a car between Glako and Baxton is $2,000. For each country, use the previous graph to compute the equalizing price, consumption and production at that price, and the quantity of exports and imports when transportation costs equal $2,000. Enter these amounts into the last two rows of the previous table. Compare free trade in the absence of transportation costs with the case when transportation costs are included.Which of the following statements about how the trade between Glako and Baxton differs in the presence of transportation costs relative to trade when then are no transportation costs are correct? Check an\".i that apply. C] Glako will produce more. consume less, and import less. [:1 Baxton will produce less, oonsume more, and export less. [:1 Baxton will produce more, consume less, and import less. C] Glako will produce less, oonsun'le more, and export less