Consider a Home country in which N firms sell a product with quantity q. Each firm offers a product with slightly different features. Hence, the sold goods are heterogeneous. Demand for good q is decreasing in p and marginal costs c are constant. Each firm that produces q is confronted with fixed costs. Given this market structure firms compete in a monopolistic environment. a) Consider an autarky situation and explain how the short-run equilibrium will look like. Use an appropriate graph to explain your results. b) How does the long-run equilibrium differ from the short-run equilibrium? Illustrate your answer also in a graph.