A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's average total cost is $10. The firm's marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a
A)profit of more than $27.
B)profit of exactly $27.
C)loss of more than $27.
D)loss of exactly $27.

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The Answer of A profit-maximizing firm in a competitive market is able to sell its product for $7. At its current level of output, the firm's average total cost is $10. The firm's marginal cost curve crosses its marginal revenue curve at an output level of 9 units. The firm experiences a
A)profit of more than $27.
B)profit of exactly $27.
C)loss of more than $27.
D)loss of exactly $27.

A Profit-Maximizing Firm in a Competitive Market Is Able to Sell