Question 8 (10 marks) KeiLun Company (KL) is a medium-sized local firm which specialized in manufacturing mobile phone built-in camera for many years. Orange Corporation is a multinational firm that runs a globally renowned smartphone brand called HiPhone. Orange needs 1 million built-in cameras for her upcoming new smartphone model HiPhone12. KL is eager to become the producer for the built-in camera, and expects that Orange will purchase the camera at a price of $25 each. To meet the requirement of Orange, KL spent $16 million for purchasing special machines to produce the cameras. Finally, 1 million cameras are produced at a marginal cost of $5 each. KL can also choose to sell all the cameras produced at $12 each to any camera producers. All of the information listed above is a common knowledge to both KL and Orange. (a) Suppose you are the manager of Orange, how much you will pay for each unit of camera? Briefly explain. (b) Suppose you are the manager of KL. Based on part (a), calculate your profits. Suggest one solution to the situation in part (a) and explain briefly