Question 2. You are hired by a country, Thailand, to evaluate their chance of breaking into the furniture market in which India has enjoyed a monopoly position in the world. According to your analysis, it is true that Thailand can produce furniture much cheaper than India and that the market is characterized by external economies of scale. You also noticed that Thailand has a relatively large domestic demand (for furniture) in the world. The new president-elect of the Thailand has asked your professional opinion about whether to completely stop importing furniture in order to start domestic production and eventually take over world production. Your analysis shows that this might be a good policy. a. Graphically present your case to the Thai president and explain your graph. Mark everything clearly b. If you were working for the Indian government, what would you suggest as a policy knowing the potential entry of Thailand? Explain with one or two sentences and you can use the same graph