e market price is $225and there are n=11firms producing. Each firm’s variablecost is 푐푣(푦)=13푦3a)What is each firm’s fixed cost?b)If the entire industry consisted of onefirm, what would be the Pareto...

e market price is $225and there are n=11firms producing. Each firm’s variablecost is 푐푣(푦)=13푦3a)What is each firm’s fixed cost?b)If the entire industry consisted of onefirm, what would be the Pareto optimal quantity for that firm to produce?Suppose that this product was just approved for sale in Canada. To facilitate the growth of the new industry, the Canadian government introduces startup grants.c)As a result of the grants, the fixed costs paid by a Canadian firm are only $1152. What is the quantity produced per firmin the long run equilibrium for Canada?d)Suppose market demand in Canada is also 푝(푦)=1050−5푦? Assuming Canadian firms continue to receive grants each time fixed costs must be paid, how many firms are inhe industry in Cana