-In the Above Figure, If the Price Is $12, a Profit-Maximizing

Multiple Choice

-In the above figure, if the price is $12, a profit-maximizing perfectly competitive firm will have an economic profit

A) of less than $100 but more than $0.
B) of more than $100.
C) that is negative, that is, it will have an economic loss.
D) of zero, that is, it will break even with a normal profit.