2. The comparison of the price-taker market with low entry barriers and price searcher market with high entry barriers. [9 points] a) Draw the price taker's long-run equilibrium cost curves(hint: draw the MC, ATC, MR, and Demand curves, label the long-run equilibrium price, average total costs, and quantity). [3 points] b) On a separate graph, draw the long-run equilibrium cost curves of the price searcher with a low entry barrier (draw the MC, ATC, MR, and Demand curves, label the long-run equilibrium price, average total costs, and quantity). [3 points] c) Briefly discuss what we can learn from the above two graphs about the relationship between competition and production efficiency. [3 points]