The graph below shows the supply and marginal coat of labor your firm faces. The labor market is perfectly competitive, you can buy as much labor as you want at the wage of $12. Wage 2\"HIIIIIIIII \"El-III..- IRE-III..- INIEIIIIII 1HIIL'IBIIIII IIHIIEIIII IIIHIIEIII IIINIIIEI I...\" IIVMP II... III l 3W 5 DID Q Quantity of I] o 7' Labor a. If you sell your output in a perfectly competitive market: how much labor will you hire? State below and show on the graph. - b. If you sell your output in an iperfectly competitive market, hop.r much labor will your hire? State below and show on the graph