2 Demand Curve Too Suppose there are n identical firms in a market. Each firm's cost function is given by C = 343 + 7q2 where q is the amount that an individual firm produces. Also, the market demand is given by P = 322 - 4Q where Q is the total amount of the good produced by all of the firms combined. Therefore, Q = n *q. a) How much output will each firm produce in long run equilibrium? b) What will be the market price in long-run equilibrium? c) How many firms will there be in long run equilibrium? d) What is the price elasticity of demand for an individual firm in long-run equilibrium