Consider the long run in a competitive industry in which all firms have the same marginal cost function: MC (y) = 2y, where y stands for the amount of output produced. 1st attempt Part 1 (0.2 point) Suppose the market price for the good equals $18 per unit. If there are currently 6 firms in the industry, they will supply a total of units of output. Se Part 2 (0.2 point) Suppose the price was actually one dollar higher (so $19 instead of $18). The total amount of output produced by the industry would be units. See H