In questions 6-8, C^new(q)=A+3q+5q for q>0, and C(0)=0 where 0

1.After this decrease in cost, will the new equilibrium quantity of each active firm be higher, lower or equal to the one with the initial cost?

2.After this decrease in cost, will the new equilibrium market price be higher, lower or equal to the one with the initial cost?

3.After this decrease in cost, will there be more, less or the same number of firms?