2. Consider the following cost structure and demand system: | . $o T % r T 23 g [ 22 T | % 19 .
2. Consider the following cost structure and demand system: | . $o T % r T 23 g [ 22 T | % 19 . S 19 1? T 18 6 TN T 16 : i - 13 ' C. B i 1 11 | 1 7 L 18 I A ] ~ 6 AVC 2 DT : a , | % ! 1 gi N | 777- 1 | 1 | Q 0 0 - v 1 1 T } 1 0 300 600 900 1200 1500 1800 2100 2400 012345678 9101112 A. Suppose long-run demand is given by D1. What is the long-run price, quantity per firm, market quantity, and number of firms? B. Now there is a shift in the market to D2. What is the short-run equilibrium price, quantity per firm, market quantity, and profits
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