\fThe following diagram shows the market demand for titanium. Use the orange points (square symbol) to plot the initial short-run industry supply curve when there are 20 firms in the market. (Hint: You can disregard the portion of the supply curve that corresponds to prices where there is no output since this is the industry supply curve. ) Next, use the purple points (diamond symbol) to plot the short-run industry supply curve when there are 30 firms. Finally, use the green points (triangle symbol) to plot the short-run industry supply curve when there are 40 firms.If there were 20 rms in this market, the short-run equilibrium price of tanium would be per pound. At that price, rms in this industry would V . Therefore, in the long run, rms would 7 the titanium market. Because you know that perfecy competitive rms earn V economic prot in the long run, you know the longrun equilibrium price must be per pound. From the graph, you can see that this means there will be V nns operating in the titanium industry in long-run equilibrium