coat ATU AVC P P2 PA Q O, O, Qs Q Quantity Figure 12-9 shows cost and demand curves facing a profit-maximizing, perfectly competitive firm. Refer to Figure 12-9. At price P2, the firm would produce Q2 units. Q3 units. 04 units. zero units. Click Submit to complete this assessment Table 12.3 Quantity D Average Tot Cost Marginal Cort 1 13 Total Cost $10.00 15.00 17.50 22.50 301 40.00 52.50 67:50 85.00 18500 $15.00 8.75 750 750 8.00 8.75 964 103 11.67 $5.00 250 5.00 7.30 10.00 1250 15.00 1750 2000 16 3 Arie sells basketballs in a perfectly competitive market. Table 12-3 summarizes Amie's output per day (o total cost (70. average total cost [ATO and marginal cost (MO. Refer to Table 12-3. What price (P) will Arnie charge and how much profit will he earn if the market price of basketbalts is 512507 Price and profit cannot be determined from the information given DP $12.50, profit - $52.50 P $12.50 profit - $22.50 P$20 profit$75.00