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Thomas's Racoon Restaurant is a perfectly competitive restaurant that sells racoon prepared in many different ways. He currently sells 40 meals a week. His marginal

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Thomas's Racoon Restaurant is a perfectly competitive restaurant that sells racoon prepared in many different ways. He currently sells 40 meals a week. His marginal cost is $40, his price is $30, and his average total cost is $40. Thomas O is maximizing his profit and is earning an economic profit. O is not maximizing his profit and is incurring an economic loss. is maximizing his profit and is earning a normal profit. O might be maximizing his profit and is incurring an economic loss. None of the above answers are correct

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