Question 1- At Home country, the industry of canned tomato is a monopolistically competitive industry t t where all firms are identical, except for the fact that they produce slightly different varieties of canned tomato. When the firms in this industry increase production by one unit, their total cost Price, Cost- increases by $12, irrespective of the total quantity of production. At zero production, the firms in the industry would incur a total cost of $3,000. ~ Cut-off Cost (C*) + a. Now assume that each firm in the industry has the same market share, so the quantity MC (Firm 1)~ of tomato cans that each firm produces (q:) is equal to the total sales in the market (S) divided by the number of participating firms (n). ~ tittt qi = Se Total sales in the market (S) are equal to $30,000. Derive the firms' average cost to MC (Firm 2)~ show that the average cost curve (CC) is given by: CC Curve: AC = 0.1 . n + 12.