Suppose there are 100 firms each with a short run total cost of STC = q² +q + 10, so that marginal cost is MC = 2q +1. Suppose market demand is given by QD= 1050 - 50P. Answer the following questions. Show your work. a. Find the market supply curve. b. What is the equilibrium price? c. How much will each firm produce? d. How much will be produced in the market? e. How much profit each firm will make?

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