Suppose that the market for gommet deli sandwiches is perfectly competitive and that the supply of workers in this industry is upward-sloping, so that wages increase as industry output increases. Delis in this market face the following total cost: TC = Q3 20Q2 + 40:3 + w where Q is the number of sandwiches and Wis the daily wage paid to workers The wage. which depends on total industry output, equals W = 0.2NQ. where N is the number of firms. Market demand is Q\" : 700 15F. In the long-run equilibrium. there are rms in the industry. O 3.551475 0 11591375 0 351.685 0 [144.985