For the perfectly competitive firm with the cost schedule below, how much profit would the firm earn if the price of bicycles dropped to $100 and the firm produced the profit-maximizing number of bicycles at the new price? Quantity of Bicycles Total Cost ($) 0 75 1 150 2 250 3 425 4 675 At a price of $100, the firm's profit equals $100. At a price of $100, the firm's profit equals $250. At a price of $100, the firm's profit equals $75. At a price of $100, the firm would earn zero economic profit. At a price of $100, the firm is operating at a loss