Here are three questions about the case study, the answer must be first read the case then answers should be based on the case. Do not use any other internet resources, please. Quality and depth of answers to each questionAccuracy in describing the problems/issues. Use concepts and strategic tools to analyze the issues. Provide specific evidence to support your conclusions.1.Which is greater: the value of Pixar and Disney in an exclusive relationship, or the sum of the value that each could create if they operated independently of one another or were allowed to form relationships with other companies? Why?2. Assuming that Pixar and Disney are more valuable in an exclusive relationship, can that value be realized through a new contract? Or is common ownership required (i.e., must Disney acquire Pixar)?3. If Disney does acquire Pixar, how should Bob Iger and his team organize and manage the combined entity? What challenges do you foresee, and how would you meet them?