Suppose the daily demand function for pizza in St. Catharines is Qd = 1525 5P. For one pizza store, the variable cost of making q pizzas per day is C (q) = 3q+0.01q2, there is a $100 xed cost, and the marginal cost is MC 2 3 + 0.02q. There is free entry in the long run. (a) What is the longrun market equilibrium in this market? Assume in the short run, the number of rms is xed. Also assume there is free entry in the long run. Consider the following scenarios: (b) The market demand changes to Q\"1 = 1374 5P. (c) The xed costs increase to $121. ( ) ) d The marginal costs rise by $5 per pizza. (e The marginal costs decrease by $1 per pizza and the xed costs decrease to 81 at the same time. For each scenario, calculate i) the new shortrun market equilibrium, ii) the prot of the rms, iii) the new long-run market equilibrium (i.e., the equilibrium price and quantity, and the number of rms in the equilibrium), and iv) show the short run and longrun equilibrium on a graph. (Treat each scenario independently, for example, ignore (b) when solving (0))