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: Qs = - 800 + 60OP 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 + q2/1000; AC = 5500/q + q/1000; and MC = q/500. Notation wise q = is the number of laundered items by each firm (Q is measured in millions of items, q in items). Given the equilibrium market price, how many units will each firm produce? How many active firms are there? O q=2500 units, Number of firms =2200million/2500 =880000 stores O q=3000 units, Number of firms =1200million/3000 =400000 stores O q=2800 units, Number of firms =2000million/2800 =714280 stores O q=2600 units, Number of firms =1600million/2600 = 615384 stores O q=3500 units, Number of firms =700million/3500 =200000 stores