1 of 10 (6 complete) Concept Question 1.2 Consider the market represented by the figure to the right. Suppose this market has one firm. If the firm can only charge a single price, what is this firm's profits (when maximizing profits)? The figure to the right asumes the firm has no fixed costs. 100.00 90.00 The firm earns profits of $ . (Enter a numeric response using rounded to two decimal places.) 80.00- 70.00- 60.00- $ per unit 50.00- 40.00- 30.00- 20.00- 10.00- MC = ATC MR D 0.00 0 10 20 30 40 50 60 70 80 90 100 Quantity