Sneaker - Jom Question 5 Google Facebook : Business, 1 attempt left Coquitlam C) 0/6 answered Submit o Homework unansv.red Fill in the Blanks Suppose there are 1000 identical wheat farmers. For each, TC = 10+ qrs2. Market demand is Q = 600,000 - loop. Derive the short-run equilibrium Q, q, and p. The marginal cost of each firm is = , In a Competitive market, we equate MC to determine how much each firm should produce. The short run supply curve for the firm is q: curve iOr the market is Q: The Short run equilibrium price is S . The market ;uppiy at that price is makes Question 6 Fill 'n this units. to . The supply . Each firm o