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 _______ in the short run.

A) q₂ and break even
B) q₂ and make an economic profit
C) q₃ and make an economic profit per unit equal to the vertical distance between P₄ and Curve N at that quantity
D) q₂ and make an economic profit per unit equal to the vertical distance between P₄ and Curve O at that quantity