Answer the question on the basis of the following data confronting a firm: $\begin{array}{l}\begin{array}{ccr}& & \text{ Marginal }\\ \text{ Output }& & \text{ Reven }\\ 0& & --\\ 1& & \$16\\ 2& & 16\\ 3& & 16\\ 4& & 16\\ 5& & 16\end{array}\begin{array}{c}Marginal\\ Cost\\ --\\ \$10\\ 9\\ 13\\ 17\\ 21\end{array}\end{array}$ Refer to the data.Assuming total fixed costs equal to zero,the firm's:

A) economic profit is $12.
B) economic profit is $16.
C) loss is $14.
D) economic profit is $3.

Economic Profit

Profit calculated by subtracting both visible and hidden costs from total revenue, offering insight into the true financial gain of a business endeavor.

Marginal Revenue

The additional income received from selling one extra unit of a product or service.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.