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All pricetakingfirms in a competitive industry have access to the technologyC(y) =i28 12y 2y. Derive a typicalfirm's shortrun supply curve and show it on a

All pricetakingfirms in a competitive industry have access to the technologyC(y) =i28 12y 2y. Derive a typicalfirm's shortrun supply curve and show it on a graph. Deriveiithe longrun supply curve for this industry based on free entry and pricetaking behaviour,and show this curve on a graph. What would determine the number offirms in the industry

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