Assume a Certain Competitive Price-Taker Firm Is Producing Q =

Multiple Choice

Assume a certain competitive price-taker firm is producing Q = 1,000 units of output. At Q = 1,000, the firm's marginal cost equals $15 and its average total cost equals $11. The firm sells its output for $12 per unit. At Q = 1,000, the firm's profit amounts to

A) −$200.
B) $1,000.
C) $3,000.
D) $4,000.