Jennifer's Bakery Shop produces baked goods in a perfectly competitive market.If Jennifer decides to produce her 100th batch of cookies,the marginal cost is $120.She can sell this batch of cookies at a market price of $110.To maximize her profit,Jennifer should

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In a perfectly competitive market, a firm should only produce if the market price is greater than or equal to the marginal cost. In this case, the market price ($110) is less than the marginal cost ($120), meaning that producing this batch of cookies would result in a loss for Jennifer. Therefore, the best choice for Jennifer to maximize her profit is to not produce this additional batch (choice A).

Jennifer's Bakery Shop Produces Baked Goods in a Perfectly Competitive