Suppose a market for a constant cost industry is in Very Long Run equilibrium. The market demand is given by Qd -6,768-4-P. Each firm in the market has total variable costs given by TVC (q) = 2.2, and it has an avoidable fixed cost of 648. The question we want to answer is: What is the Very Long Run equilibrium for this market? First let's find the minimum of the average variable and avoidable costs for each firm. This will allow us to find the price below which the firm will not produce. This occurs are q= The price at which each firm just breaks even is p= Each firm's supply, then is q for P for P> Please give your answer in terms of P and use fractions rather than decimals. In the Very Long Run the market price will be the equilibrium quantity will be each firm will produce and the equilibrium number of firms will be B and