Continuing the previous question. The equations are reproduced here for convenience. - Demand: P=10−Q. - Marginal revenue: MR=10−2Q. - Total cost: TC=3+Q+ 2
1
​ Q 2
. - Marginal cost: MC=1+Q. One day, the King of NoDodgers decrees that henceforth there will be free trade - either imports or exports - of baseball hats at the world price of $6. The a now a price taker in a competitive market. The domestic production of baseball hat is hats.