3. An industry is made up of 100 producers each with cost C (y) = 200 + 2322. The consumer side consists of 100 people, each with demand d1(p) = 100 p, and another 200 people, each with demand d2 (p) = 200 2p. (a) Calculate the average and marginal cost function for each seller. (b) Use your calculations in part (a) to find the supply function of each seller and the market supply function. (c) Find the market demand function. (d) Find a competitive equilibrium. (e) Does each seller make a positive prot in the equilibrium? (f) Will more producers enter in the long run? (g) Find a long run competitive equilibrium price and number of producers