4. Suppose the market demand and supply functions are QD = 58,200 310P and Q5, = 9UP - 1400. You have just graduated and moved to this city; as a new MBA and an entrepreneur, you are considering entering the market for this product. a. h. Determine the equilibrium price and quantity in this market. You've researched and found that most lms in the market currently experience costs such that TC = 220 + 210Q 4.1Q2 + 0.06Q3. Determine mhethe; 9_r_ _1_:u_)_t_ you should enter this market. Use graphs to support your answer. (Remember that you can Format Axis and change the Minimum and Maximum Bounds of your axes to \"zoom in\" to a graph in Excel.) Due to unforeseen delays, you don't enter the market. However, a year later the market supply has changed to Q5 = 90F + 3400. Are you surprised at this shi in supply? Given the new supply conditions, determine whetherpr got you should enter the market