Table 14-7 Suppose That a Firm in a Competitive Market Faces the Faces

Table 14-7
Suppose that a firm in a competitive market faces the following revenues and costs:

-Refer to Table 14-7. If the firm is maximizing profit, how much profit is it earning?

A) $0.50
B) $10
C) $7.50
B) There is insufficient data to determine the firm's profit.