Refer to Table 9.2. If the market price is $20, then to maximize profits this firm should produce

A) zero units of output.
B) one unit of output.
C) two units of output.
D) four units of output.

Market Price

The price at which goods or services are currently sold on the open market.

Profits

The financial gain calculated as the difference between the revenue earned from sales and the expenses, taxes, and costs incurred in producing those sales.