consider the markert for 5k running events in a major metropolitan area in the southwestern united states. there are two major firms, runtucson and communitytrackclub. the demand for 5k running events is characterized by the equation P=630-r-c where r and c represent the number of 5k running events produced in a year by run tucson and communitytrackclub. runtucson has a marginal cost equal to average cost $30 at all levels of output. communitytrackclub has a marginal cost equal to average cost of $30 at all levels. say instead that communitytrackclub and runtucson are in a cournt setting and a third producer, saguarorunclub, has joined the industry. saguarorunclub also has a marginal cost equal to average cost of $20 at all leverl of output. all three are choosing quantity simultaneously and the price is then determined after the quantities are set. what is the new equilibriumm and explain why. 1. quantities chosen by communitytrackclub, runtucson and saguarorun club. 2. market price that will result.3. profits received by communitytrackclub, runtucson and saguarorun club