There are currently two pizza places in the town of Beloit, Wisconsin. Most people agree that the pizza sold at these two establishments is virtually identical. The overall demand for pizza per week in the town has been estimated to be: P=20- (Q1 +Q2 ) 2 The marginal cost of producing a pizza is $2.00 per pie in each establishment. a. If the firms were to merge what would be the price and quantity of pizza sold in the town? N b. Assume that the two firms are unable to merge or enter into any formal agreement on price and quantity. What would be the price and quantity of pizza sold in the town? N How much would each firm sell? N c. As a result of the profits being earned by these two firms, entry occurs. After two years there are now 10 pizza places in town. How many pizzas do you expect are being sold at this point and at what price