The following figure shows the marginal cost curves of two profit-maximizing firms-Firm A and Firm B-in a perfectly competitive market Cast MA MC 0 quantity Refer to the higure above. Which of the following statements is true? Firm A produces at a lower marginal cost O For a particular market price, FirmA will enjoy a greater producer plus. Firm B will have a higher reservation value than FirmA The proht maximizing level of output of Firm B will be greater than that of Firm A at all prices Question 19 Refer to the figure above. Which of the following statements is true? Firm will produce a lower quantity than Firm A at all prices, Firm produces at a higher marginal cost than FirmA Ata elven market price, Flem A will enjoy a greaterproducer surplus. Firm Awal have a higher reservation value for the good than Firm