A certain type of mushroom used to be produced on 50 farms, each of which had a costfunction c(y) = y2 + 1 where y > 0 and c(0) = 0. The rms operated as competitors. The demandcurve for this kind of mushroom is given by D(p) = 52??p. Marauding deviant Ninja turtles invadedmany of the mushroom farms leaving absolute devastation and loathsome slime in their wake. (Theturtles had no eect on the cost functions of farms that were not invaded.)(a) If all of the farms but one were invaded and that farm became a monopolist, total output of mushroomswould fall to half of the preinvasion output.(b) If all of the farms but one were invaded and that farm became a monopolist, total output of mushroomswould fall to 1=50th of the preinvasion output.(c) If all of the farms but two were invaded and the two undamaged farms became Cournot duopolists, totaloutput of mushrooms would be 2=3 of the preinvasion output.(d) If half of the farms were invaded and the industry remained competitive, industry output would fall tohalf of the preinvasion output.(e) If half of the farms were invaded and the industry remained compeitive, industry output would fall, butwould be greater than half of the preinvasion output.Topic