2. Consider a market Where the demand is given by Y = 2,400 200p (i.e., the inverse demand is p = 12 0.005Y). (Each small question is worth 3.5 points.) (a) Assume for the moment that this market is perfectly competitive. In the short-run, there are 50 identical rms Operating in this market with cost function 0 (yi) = 0.251911.2 + 100. Find i. an individual rm's supply function, ii. the industry supply function, iii. the market price and the total quantity sold in the market, iv. the individual rm's level of production, and v. the individual rm's prot