QUESTION 5 - COMPETITION IN THE DRY ERASE MARKER INDUSTRY [15 Pointsl The dry erase marker industry is best characterized as a perfectly competitive, constant- cost industry. The representative firm cost function is given by: TC(q)=10q3-40q2+50q The industry demand is given by Q=200-10P (a) [8 points] Assume the industry is in long run equilibrium. Solve for (1) the industry price; (2) the quantity produced by each firm; (3) the quantity produced by the industry in total; (4) the number of firms in the industry