The Figure Above Shows Cost Curves for a Perfectly Competitive

Multiple Choice

The figure above shows cost curves for a perfectly competitive firm.Suppose that market price is $2.60.A firm producing 800 units of output

A) is earning the maximum amount of profit,$880.
B) is earning the maximum amount of profit,$2,080.
C) should produce 500 units of output instead,to earn profits of $500.
D) should produce 1100 units of output instead,to earn profits of $1,100.
E) should shut down