You are hired by a country, the U.S., to evaluate their chance of breaking into the wine market in which France has enjoyed a monopoly position in the world. According to your analysis, it is true that the U.S. can produce the wine much cheaper than France and that the market is characterized by external economies of scale. However, you also noticed that the U.S. has a relatively small domestic demand (for wine) compared to the world. The new president-elect of the U.S has asked your professional opinion about whether to completely stop importing wine in order to start domestic production and eventually take over world production. Your analysis shows that this is not a good policy. a. Graphically present your case to the U.S president and explain your graph. Mark everything clearly b. Suggest a policy to the president under which the U.S. can break into the world market, also show graphically. You can use the same graph. (One or two sentences is good enough.)