Suppose that the demand facing rms producing Golf clubs in Home and Foreign is given as follows. Qi=3[l_b[P1_f})] T1. The cost of producing Golf clubs is given by TCTQi] =F+ (3"le a) (I5 points) Assume that the parameters for Home are as follows. SH: 14-41:}= b = 2:17 =5, C = 1. Compute the equilibrium values of n, P= and Q. {Hint either derive the expression for marginal revenue from the demand curve above or use the expression for marginal revenue ow: the text} b) [3 points] Assume that the parameters for Foreign are as follows. S}? = 25!}. b = 2. F = 5. C = 1. Compute the equilibrium values of n, P. and Q for Foreign c) [6 points) Now suppose that Home and Foreign trade freely in Golf clubs. 'What are the equilibrium values of n, P, and Q in the integrated economy'T.J ls trade welfare improving for consumers in both countries? Justify your