Refer to the diagram to the right which shows the cost and demand curves for a profit - maximizing firm in a perfectly competitive market. MC If the market price is $30 and the firm is producing output, what is the amount of the firm's profit or loss? ATC O A. loss of $1,080 40.50 B. profit of $1.440 36.00 D C. profit of $1,300 30.00 MR Price and cost($) O D. loss of $2,520 22.00 20.00 130 180 240 Quantity