EE 4. (40 points possible) In a certain rough, tough neighborhood the demand for brass knuckles (an old- fashioned weapon for hitting) is given by P = 9 - 0.02Q where Q is market-level quantity. There are 100 price-taker firms that produce/supply brass knuckles. Each firm has the same total (and marginal) costs given by TC = 0.5 . q2(and MC = q) where q is firm-level quantity. . Derive and discuss the market equilibrium for brass knuckles, including the condition of an individual firm. What will happen to this market in the long-run