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Name Each producer in this perfectly competitive industry has a long-run MC function of: MC-40-120+ and long-run ATC function: ATC 40-60 (Q)/3. The market demand curve is: D-2200-100P a. What is the long-run equilibrium price in this industry? b. At this long-run equilibrium price, what is the quantity produced by an individual firm? c. How many firms are there in this industry (in the long-run)?
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oGiven data aProducer i is ind us nas MC tu et,ση Ecim 2- 3 LODсо -54003Q 1s0o@ lve t euathon we get、 12 108 13oduce u. ntts do frns ho mancet w · No of firms fr. thứ Industy。(oo

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