In the economy, there are many identical firms. Suppose that in the long-run cust function of each firm is : c ( 9) : 509- 209%+ 523 and the Demand Curve is: DCP) = 100 - P .) Find the minimum average cost CAC) that Can be achieved. b) Given the long-run cost function, cit what bulput is the average cost mrimized ( ) show that if the current number of " Hint "s - Find the supply curve for one firm (use quadratic formain) firms is nez there would be/ would - Then, find the market supply curve when you have & firms not be a tendency for the third by horizontal summition firm to enter the market Finally, you check out P= min whether you have euless market dement / supmy - There is no need to goive for the ezam price