Assume that the market for flip-flop shoes is perfectly competitive.All firms have the same cost function: C = 48 + 3q².The market demand curve for flip-flops is Q^D= 600 - 10P.

The price of flip-flops is currently $36.Calculate how manyflip-flops each firm will produce, thetotal quantity tradedin the market, thenumber of firmsin the industry, and theprofitearned by each firm.

Enter these values in the space provided:.Use this formatq=___, Q=___, N=___, Profit = ______.

Calculate the equation for the industry supply curve and enter it here.