2. (10 points) B&C Partners B&C Partners sells a unique, patented component, the E-333. The marketing analytics team has estimated demand for the E333 product to be P=2002Q where P is the price charged per unit of the product, and Q is the number of units of the product demanded per period. B&C partners has estimated its total cost function (all economic costs included) to be TC = 3000 + 20Q State your conclusions in the spaces below each question. Show your work; you may upload an Excel spreadsheet as evidence of your work. (2 points) What kind of market structure does B&C operate in?' Explain briey. - (4 points) Determine the short-run prot maximizing price and volume for the E-333. (2 points) Compute the level of prot or loss B&C will earn per period for the E-333. (2 points) Will the long run equilibrium be any different for the E-333 as compared to the short run situation above? Briey comment. 9-992