Consider a firm with the following costs of production: c(y)=3y . 1st attempt Part 1 (1 point) If the firm is a profit-maximizing firm in a competitive market, the firm can break even if the market price equals $ 3 per unit. Part 2 (1 point) Suppose that the market price equals $2 per unit. The firm should Choose one: A. produce some output. The firm will cover the variable cost and some of the fixed cost, so it will lose money (it will earn less than zero profits). B. produce some output. The firm will cover the variable cost exactly, but none of the fixed cost, so it will lose money (it will earn less than zero profits). C. not produce any output. The firm will experience a loss (it will earn less than zero profits). D. not produce any output. The firm will not experience a loss (it will earn exactly zero profits)