Suppose the price of bagels in Allentown is currently S0.90 per bagel. There are 10 low-cost bakeries and 10 high-cost bakeries that can produce bagels, each of which has the supply function Qow-cot=...

Extracted text: Suppose the price of bagels in Allentown is currently S0.90 per bagel. There are 10 low-cost bakeries and 10 high-cost bakeries that can produce bagels, each of which has the supply function Qow-cot= 200P - 105 Ohigh-cost = 200P - 205 (These individual supply functions apply in the short run and the long run.) low-cost bakery: high-cost bakery: a. Which bakeries will be active when the price is $0.90? Only low-cost bakeries will be active b. If the price rises to $1.40, what will be the market supply in the short run? What will be the market supply in the long run?