Suppose the total demand for craft beer per day in Ruston is @ = 1,500 - 500P. Assume there are five (n = 5) monopolistically competitive firms currently in the market selling some variety of craft beer, each with total cost curves given by: TC =100+0.1q; +0.0045q; a. Find the proportional demand faced by one brewer, denoted Firm i That is, suppose the firms have equal market share and determine the demand function for a single firm. b. Calculate the optimal quantity produced by Firm i. c. Calculate Firm i's profits. Will there be entry or exit by other brewers over time? d. Produce a generic graph (no specific numbers required, the shapes and placement of the curves is all that matters) of the long-run outcome for Firm i given your prediction from (c). Label all curves, axes, and intersection points