Suppose Al, Betty, and Carl Own the Only Fishing Companies

Suppose Al, Betty, and Carl own the only fishing companies in your village. Suppose the market price today is $10 per fish. Suppose Al catches 4,000 fish with an average total cost of $7.50, Betty catches 6,000 fish with an average total cost of $6, and Carl catches 10,000 fish with an average total cost of $5. What is the average profit per fish in thevillage today?

A) $2.40
B) $4.20
C) $3.80
D) $2
E) $5