Assume that the cellular phone production industry is perfectly competitive. a. Draw the long-run equilibrium condition for the cellular phone market with two graphs, one for the firm and the other for the market. b. Recently, cellular telephones have become very popular. Please graphically show how the market and firms' graphs change. Indicate the changes in market price, quantity, firm's quantity and profit. c. Show what will happen in the long run. Indicate the changes in quantity, price, and profit in words and in graph. d. Assuming that new technology has made cell phones less expensive to produce, ie, the technological advance caused cost curves to shift downward. Draw the long-run supply curve of the market.