1. Consider an econom}.r with If} pricataking rms producing some good, each maximizing prots according to some cost function: clip) = my? Suppose prices are set according to some (exogenous) market demand curve, Y = n .333. (a) Derive the rmlevel and market output supply functions. (b) 1What is the partial equilibrium price, p*? How does this price level change with w? *0 (c) 'What is the equilibrium quantitj,r of each firm5 yk; Total quantityr supplied