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 Consider a competitive market which, in the short-run, consists of 200,000 small identical firms

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 Consider a competitive market which, in the short-run, consists of 200,000 small identical firms. The short-run total cost variable cost, average variable cost, and marginal cost of a typical firm are as given below: Q TC VC AVC MC 0 4 0 1 7 3 3.0 3 2 9 5 2.5 2 3 10 6 2.0 1 4 12 8 2.0 2 5 15 11 2.2 3 6 19 15 2.5 4 7 25 21 3.0 6 a. Find the short-run supply of a typical firm in this market. b. If the market price is 2 TL per unit of output, what is the profit of the firm? c. Find the short-run market supply in this market.