10:20 55 app.sophia.org Question Tutorials Price A S = MC ATC MR = MC ATC AVC Firm Demand MR -X O Quantity of Output Firm X ( a.) $5,000 profit O b.) $15,000 profit ( c.) -$10,000 loss ( d.) -$5,000 loss SUBMIT MY ANSWER10:20 55 app.sophia.org Question Tutorials Consider the graph below. Suppose q0 = 500, PO = $30, and ATC = $20 at 500 units. Is the profit-maximizing firm in an oligopoly market making a profit or loss, and by how much? Price A S = MC ATC AVC MR = MC ATC AVC Firm Demand MR X 0 Quantity of Output Firm X ( a.) $5,000 profit O b.) $15,000 profit O C.) -$10,000 loss