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6. All firms operating in a perfectly competitive market feature each the following cost functions: MC = 5 + 10q AVC = 5 + 5q ATC = 5 + 5q + 10/q. The market demand is expressed by the function Qo = 10,000 - 10P. The equilibrium price is currently equal to 25 monetary units. 2 a) (4 points) Determine the quantity produced by each firm, as well as the number of firms present in the market. Explain your calculations. b) (4 points) Given the price and quantity determined in the previous question, describe what will happen in this market in the long-run and why