(a) Suppose that each rm in a competitive industry has the following identical costs: Total cost: TC = 25+0.25Q2, Where Q is an individual rm's quantity produced. The market demand curve for this product is as follow: Demand: P=60-0.095Q, Where P is the price and Q is the total quantity of the good. Currently. (ii) Suppose that there are 10 firms in the market. Construct the market supply function in the short run. Determine the equilibrium price and quantity. (Hint: If each firm's supply function is Oi= a+bP then the market supply Om can be the aggregated supply at each price as Om = Q1+02+93+... +Qi where Qi is each firm's supply function.)