Question: Q1 MAILKET EQUILIBRIUM. Suppose the daily demand function for pizza in St. Catharing b Q - 19 The total cost of making q plants per

Q1 MAILKET EQUILIBRIUM. Suppose the daily demand function for pizza in St. Catharing b Q - 19 The total cost of making q plants per day b C (q) - ung* - Ing | 200 for's store. (a) What is the long-run market equilibrium in this market? Find out the rium price and quantity and the number of firms in the market. Assume in the short run, the number of firma to fixed (so that neither ent Is possible) and fixed costs are sunk. In the long run, there is free entry an (b) If the marginal costs rice by $2 per plan, what is the new short-ru

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