If the Profit-Maximizing Quantity of Production for a Competitive Firm

Multiple Choice

If the profit-maximizing quantity of production for a competitive firm occurs at a point where the firm's average total cost of production is falling as production increases, then the firm

A) will be earning positive economic profit at the profit-maximizing quantity.
B) will have economic profit less than zero at the profit-maximizing quantity.
C) will have zero economic profit at the profit-maximizing quantity.
D) should increase the quantity of production to increase profit.