Jamie likes to knit mittens. She has received many compliments. Due to her passion for knitting and the booming market for mittens, Jamie is considering commercial knitting Please answer the following questions: a) If there are so many knitters making similar mittens like Jamie and if the market price is $20 per pair of mittens. i) What type of market is this? ii) Draw a market demand and supply of mittens for this type of market iii) Draw the demand and marginal cost graph for Jamie’s mittens iv) How many mittens can Jamie sell? b) If there are so many knitters but Jamie’s mitten can be differentiated and if the market price is $20 per pair of mittens. i) What type of market is this? ii) Use a graph to illustrate this type of market iii) What price will Jamie charge for her mitten? c) Supposing Jamie is unfamiliar with the market for mittens, using the market classification characteristics, explain the possible types of markets to Jamie.