Consider the following setup for a perfectly competitive market: Suppose that for the firm, /( =400+ (-, and MC =20. For the corresponding market, suppose that demand is given by P=200- - Q and supply is given by P= = In a graph, represent the supply and demand curve for the market, marking the equilibrium points. Right beside it, represent the firm in another graph, marking it's optimal output decision. O P P P = 2Q P NI 200 200 P = 200 100 O 100 0