Use the Following to Answer Question(s)

Multiple Choice

Use the following to answer question(s) :
Exhibit: Profit Maximizing

-(Exhibit: Profit Maximizing) The exhibit shows cost curves for a firm operating in a perfectly competitive market. If the market price is P₄, the firm will produce quantity _______ and _______ in the short run.

A) q₁; break even
B) q₃; make a profit
C) q₄; break even
D) None of the above is true.