Consider a firm with the following production schedule and a fixed cost in the short run of 19. This xed cost comes from using the unique quantity...

c) Find the new LRCE price, firm quantity, and number of firms with this new demand. Explain why the number of firms found here is consistent with what you found in (b) and draw a picture of the market and firm illustrating the SR and LR situation in (b) and here. (3 points)