Figure 10.6 Figure 10.6 Shows Cost and Demand Curves Facing a Profit-Maximizing

Figure 10.6

Figure 10.6 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm.
-Refer to Figure 10.6.At price P₁, the firm would

A) lose an amount equal to its fixed cost.
B) lose an amount more than fixed cost.
C) lose an amount less than fixed cost.
D) break even.