A number of stores offer film developing as a service to their customers Suppose that each store offering this service has a cost function (C) Fe and a marginal cost (MC) of C(q) = 50 +0.20 +0.08009 if the going rate for developing a roll of film is $8 50, is the industry in long-run equilibrium? No MC(q) = 0.20 +0.160. Find the price associated with long-run equilibrium The market will be in long-run equilibrium when the price is $ 42 (Enter your response rounded to two decimal places) Suppose now a new technology is developed that will reduce the cost of film developing by 25 percent Assuming that the industry is in long-run equilibrium, how much would any one store be willing to pay to purchase this new technology Assuming that the market price remains at the above long-run equilibrium level, a fimm would be willing to pay $ for the new technology