Instructions:Consider the case study "The Market for Scotch Whiskey." Using the facts you've been provided in the case study and the information you've learned in our first three chapters, address the following prompt in an essay of at least one page (double spaced):Recall the four principles discussed in the first chapter. (As a reminder, these principles were The Cost-Benefit Principle, The Opportunity Cost Principle, The Marginal Principle, andThe Interdependence Principle.) How is each principle illustrated in the market for Scotch whisky, as described in the case study