A perfectly competitive firm is producing 1,200 units, which is their profit-maximizing output level. The market price for their good is $5 and the firm's average total cost to produce the 1,200 units is $4.50. What is their profit or loss from producing the 1,200 units?
A) $600 B) -$600 C) $1,200 D) -$550
A) $600
Anthropology & Archaeology
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Anthropology & Archaeology