A. The firm has $48 in profit B. The firm loses $37 C. The firm has $12 in profit D. The firm has 0 economic profit

Consider the following table of output, total cost, and marginal cost. Assume the firm operates in a perfectly competitive market. If the market price is $12 and the firm acts in a profit-maximizing way, how much profit or loss does the firm take? Output Total Cost Marginal Cost O $50 55 5 63 8 W N 73 10 4 85 12 5 99 14 6 115 16 133 18 8 153 20