The figure below displays the short-run marginal cost and short-run average cost curves for a firm. When q = 2 and q = 5, the short-run marginal cost is $3. When q = 5, the short-run average cost is $5. Assume the firm has a fixed cost of $11 and they can sell each unit of output at a price of $3 (p = 3). In the short-run, what is the maximum profit () this firm can earn? Maximum profit 7 = dollars MC AC 5 3 2 5