A firm in a perfectly competitive industry is producing 50 units, its profit-maximizing quantity. Industry price is $2, total fixed costs are $25, and total variable costs are $40. The firm's economic profit is
A) $15.
B) $30.
C) $35.
D) $60.

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The Answer of A firm in a perfectly competitive industry is producing 50 units, its profit-maximizing quantity. Industry price is $2, total fixed costs are $25, and total variable costs are $40. The firm's economic profit is
A) $15.
B) $30.
C) $35.
D) $60.

A Firm in a Perfectly Competitive Industry Is Producing 50