Question 5. Suppose the market for watches has one dominant firm and 34 fringe firms. The market demand is Q = 620-2P. The dominant firm has a constant marginal cost of 85 and no other cost. The fringe firms each have a marginal cost of MC; = 85 + 17q; and no other cost. Hint: this question is an example of price leadership by a dominant firm. a) What is the total supply curve for the 34 fringe firms? [2 marks] b) What is the dominant firm's demand curve. [2 marks] c) What is the profit maximizing quantity produced and price changed by the dominant firm? Do not round the numbers. [4 marks] d) What is the profit of the dominant firm? Do not round the numbers. [1 mark] e) What is the quantity produced and price charged by the 34 fringe firms all together? How about by each of the 34 firms? Keep your final answer in decimal form. [3 marks]