This is the second part of the questions.

KETS AND COMPETITION POLICY e. Now assume that there are 1500 identical firms in this com. petitive industry; that is, there are 1500 firms, each of which has the cost data shown in the table. Complete the industry supply schedule (column 4). f. Suppose the market demand data for the product are as follows: Price Total quantity demanded $26 17,000 32 15,000 38 13,500 41 12,000 46 10,500 56 9,500 66 8,000 What will be the equilibrium price? What will be the equilib rium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run