estion 18 Suppose the market price is $5, marginal cost is $4, and average total cost is $2. The perfectly competitive firm in that market O A. earning $2 in economic profits per unit of output and is maximizing profits. of the above: Insufficient information is given. B. none C. earning $1 in economic profits per unit of output and is not maximizing profits. O D. earning S3 in economic profits per unit of output and is not maximizing profits.

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