The production of cable is standard. The following marginal cost function of a typical firm MC(q) is (in dollars and same for all firms). MC(q) = 0.2q where q is the output of an individual firm. The fixed cost of a typical firm firm is X (in dollars and same for all firms).

Q1:The market demand curve is given by Q = 96000 1000P Initially, the market is in the long-run equilibrium, and there are 1000 identical firms in the market. The long-run market equilibrium price is $[ Answer ]. (In decimal numbers, with two decimal places, please.)

Q2:Continue from the previous question. The long-run market equilibrium quantity is [ Answer ] units. (In decimal numbers, with two decimal places, please.)

Q3:Continue from the previous question. The total cost of production of a representative firm is $[ Answer ]. (In decimal numbers, with two decimal places, please.)