, In one of the games there were 15 drivers each with an identical xed cost of $64 to operate per day with a variable cost of q2, where q is the number of hours worked. The market demand curve for hours worked is given by Q(P) = 88 P, where P is the market price.1 Assume the market was perfectly competitive. (a) Find the longrun equilibrium price (13*), the longrun equilibrium number of hours worked in the market (62*), the longrun equilibrium number of hours per driver (q*), and the longrun equilibrium number of drivers operating per day (71*). Show your work. (b) Suppose the market is in equilibrium, but an additional two drivers decide to enter the market. What is the equilibrium price on that day? If you were a driver on that day facing the equilibrium price, what would be your optimal number of hours worked? What would would be your accounting prot? (c) If the perday xed cost to operate increases for every driver, what effect will that have on the long-run equilibrium number hours worked per driver, and the number of drivers? Please demonstrate the general result, and provide the economic intuition