Question: Please fill in the blanks Please type your NUMERICAL answer in the space below. ENTER ONLY THE NUMBER. IF answers are in decimals, please round

Please fill in the blanks

Please type your NUMERICAL answer in the space below. ENTER ONLY THE NUMBER. IF answers are in decimals, please round the number to one decimal point. A firm operates in perfectly competitive markets with the following cost and demand functions: TC=0.25Q2+200Q+25 Q=610-2P a) What is the long-run equilibrium price and quantity in the market? pLong-run_ Q= b) How many firms are there in the industry in the long-run? Number of Firms=

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