Suppose that three firms are considering entering a new market for crypto-currency-backed health insurance plans. Each has a different approach to the market and thus a different supply curve as follows:?1(?)=? 1,?2(?)=??2, and?3(?)=2??8.

Part 1(1pt)

On the graph below, draw each firm's supply curve. Be sure each curve is drawn from one edge of the graph to another. To refer to the graphing tutorial for this question type, please clickhere.

Part 2(1pt)

Now draw the industry supply curve for this market (if the curve is kinked, use multiple line segments that overlap).

Now draw the industry supply curve for this market (if the curve is kinked, use multiple line segments that overlap). Crypto Health Price 16 15 14 13 12 11 10 A w N 0 O