Consider the following industry with firms producing an identical product. Each firm acts competitively. Let q denote the amount of output of each firm.

Each firm in this industry has a cost function TC = 392 + 2q². Each firm's marginal cost, MC = 4q.

Demand for the product in this market is P = 280 - 2 Q, where Q is the aggregate amount of the good produced.

In the long run, the equilibrium quantity Q in this market is Q = __ units and the equilibrium price is P = __ dollars. Each firm produces q = __ units and there are __ firms.