i dont need a detailed explanation , just need the math behind it and some obvious explanations that i need to be able to give a proper answer.

As soon as possible please. i will immediately give you a thumbs up.

thank you already.

cheers!

The market demand is Q(P) = 112 - P. There are two types of firms: type A and type B. Currently there are 2 type A firms in the market with the cost function TC(q) = 9+0.25, and 12 type B firms with the cost function TC(q) = 18 + 2q?. The current market price is P = 16. All potential entrants (firms that may enter if they see a profit opportunity in this market) have access to the technology used by the type B firms. 1. What will be the long-run equilibrium price under free entry and exit? Please explain your reasoning. II. How much output will a type A firm produce in the long-run equilibrium? III. How much output will a type B firm produce in the long-run equilibrium? IV. How many type B firms will be active in this market in the long run equilibrium? The market demand is Q(P) = 112 - P. There are two types of firms: type A and type B. Currently there are 2 type A firms in the market with the cost function TC(q) = 9+0.25, and 12 type B firms with the cost function TC(q) = 18 + 2q?. The current market price is P = 16. All potential entrants (firms that may enter if they see a profit opportunity in this market) have access to the technology used by the type B firms. 1. What will be the long-run equilibrium price under free entry and exit? Please explain your reasoning. II. How much output will a type A firm produce in the long-run equilibrium? III. How much output will a type B firm produce in the long-run equilibrium? IV. How many type B firms will be active in this market in the long run equilibrium