Jane's company is operating in a perfectly competitive market where each company's total cost is given by TC=60 + 400 +60^2, and the marginal cost is given by MC = 40 + 12Q. Suppose that the current market price at the competitive market equilibrium is $80. Based on this information, answer the following questions: (i) Calculate and diagrammatically show the quantity Jane will sell and the profit she will make at the current market equilibrium. Explain your answer carefully.

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