You are given the following information about Avocado farming in Cape Town Qd = 6400 - 300P Market demand Qs = 1300P Market supply C(q) = 722 + Firms total cost function MC(q) = Firms marginal cost function Assume that all firms are identical, and that the market is characterized by perfect competition. a) Determine the market equilibrium rate of sales and price. [1.5] b) Determine the output by the typical firm. [1] c) Calculate the profit of each firm. [2] d) How many firms are there? [1] NOTE:PLEASE SEND ME ANSWER IN TYPED FORM STRICTLY PROHIBITED HAND WRITTEN SOLUTION AND SEND ME FINALLY ANSWER SEPRATELY