1.) In the economy, there are many identical firms, suppose that the longaton cost function of each firm is : ( (2) : 509- 2092 + 523 cine the Demand Curve is: D (P ) = 100 - P a ) Find the minimum average cost ( Ac ) that can be achieved b ) Given the long- run cost function, at what output is the average cost minimized ? ( ) Show that if the current number of firms is n= 2. there would be / would not be a tendency for the third firm to enter the market - D Need to find the Supply curve for I firm (will need to we the quadratic formula ) -D Then, you find the market supply carve when you have 3 firms by horizontal summation. -D Finally, you check at pamin, whether you have excess merged demand / sappy . -D There is no need to solve for the egbm price