The market for bowls is competitive. Inverse demand is P = 22 2QD and inversesupply is

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The market for bowls is competitive. Inverse demand is P = 22 — 2QD and inversesupply is P = 2 + 2Q5. Each firm’s marginal cost is MC = 6Q and average cost isAC= (24/Q) + 3Q.

a. Calculate the quantity each firm produces.

b. Calculate the profit each firm makes.

c. What will happen to the supply curve next?

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