A perfectly competitive firm is producing 50 units of output and selling at the market price of $23. The firm's average total cost is $20. What is the firm's economic profit?
A) $23
B) $150
C) $1,000
D) $1,150
E) $50
B
Economics
A) $23
B) $150
C) $1,000
D) $1,150
E) $50
B