Use the Figure Below to Answer the Following Questions

Multiple Choice

Use the figure below to answer the following questions. Figure 11.3.1
-Refer to Figure 11.3.1,which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive industry.In the short run,if the market price of the good is $10,the firm produces ________ units of output and ________.

A) 10;incurs an economic loss of $20
B) 10;incurs an economic loss of $40
C) less than 10;incurs an economic loss of $20
D) 10;makes an economic profit of $20
E) less than 10;incurs an economic loss of less than $20