AFC AVC ATC MC 125.00 21.25 146.25 21.25 62.50 20.00 82.50 18.75 41.66 18.75 60.41 16.25 31.25 17.81 49.06 15.00 25.00 17.50 42.50 16.25 20.84 17.50 38.34 17.50 17.86 19.64 37.50 32.50 15.63 21.88 37.50 37.50 13.89 24.30 38.19 43.75 12.50 27.00 39.50 51.25 11.36 30.00 41.36 60.00 10.41 33.34 43.75 70.00 Refer to the above data. If the market price for the firm's product is $40, the competitive firm will: Multiple Choice O produce 8 units at an economic profit of $20. O produce 7 units at an economic profit of $51.86. O produce 5 units at a loss of $12.5. O produce 8 units at a loss equal to the firm's total fixed cost.AFC AVC ATC MC 125.00 21.25 146.25 21.25 62.50 20.00 82.50 18.75 41.66 18.75 60.41 16.25 YOUPWN- 31.25 17.81 49.06 15.00 25.00 17.50 42.50 16.25 20.84 17.50 38.34 17.50 17.86 19.64 37.50 32.50 15.63 21.88 37.50 37.50 13.89 24.30 38.19 43.75 12.50 27.00 39.50 51.25 11 11.36 30.00 41.36 60.00 17 10.41 33.34 43.75 70.00 Refer to the above data. If the market price for the firm's product is $15, the competitive firm will produce: Multiple Choice O 4 units at an economic profit of $39.69. O 8 units at a loss of $61.00. O 4 units at a loss of $136.24. zero units at a loss of $125