Instructions:You are to critically analyze the content of the Cigarette Case Study listed below.1. Briefly summarize the content of the project. For example, elasticity of demand, marginal utility, market structure, etc. 3. Describe and explain what you believe is correct, and why, within each major point. Support your ideas with examples and references. 4. Describe and explain what you believe is incorrect or erroneous, and why, within each major point. Support your ideas with examples and references.5. Identify what microeconomic analysis tool should have been incorporated within the web project, but was not. For example, elasticity of demand.6. Support your analysis and explanations with specific examples and statements from You should have between 7-12 such references.