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 P₄, the firm would

A) lose an amount equal to its fixed cost.
B) make a profit.
C) lose an amount less than fixed cost.
D) make a normal profit.