The market for laundering services is perfectly competitive and can be represented by the following supply and demand curves: Demand for laundry by consumers: QD = 3200 200p Supply of laundry by firms: Q5 = - 800 + 600P where Q = millions of laundered shirts in the MARKET overall, and P = the price of laundering a piece of clothing. Each firm in this market has the same total cost TC = 5500 + q2I1000;AC = 5500/q + (1.11000; and MC = q/SDD. Notation wise q = is the number of laundered items by each firm (Q is measured in millions of items, q in items). Calculate the equilibrium price and quantity of that would exist under a free market. C OOOO P=10, Q: 1200 P=15, Q=7DO P=8, Q=1600 P=6, Q=2000 p=51 Q=2200 million