(2 marks) Question 4 Company X operates under a perfect competitive market structure. Assume Qd=3000-2p, Qs=-3000+2p. Associated costs are presented in table 2. A. Graph the firm's cost and revenue curve. On the graph, identify price, production quantity and profit/ loss position (5 marks) B. Explain the reaction/s of the company in the short run, given the firm's profit/ loss position identified in A (2 marks) C. Company X wants to increase its price to $2000, explain the possible outcome for the company and state the basic assumptions leading to the outcome