Draw the product(s) of the following reaction: 
Definitions:
Perfectly Competitive Firm
A business operating in a market where it has no power to influence the price of its product; it is a price taker.
Marginal Cost
The financial outlay for producing a further unit of a product or service.
Perfectly Competitive Firm
A business that operates in a market where there are many buyers and sellers, each selling identical products, and no single buyer or seller can influence market prices.
Short Run
In economics, it denotes a period in which at least one input (e.g., capital) is fixed and cannot be altered.
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