The graph shown displays the cost curves for a firm in a perfectly competitive market. If the market price is $12, which of the following statements is true? 
The firm will earn negative profits if it produces 140 units.The profit-maximizing quantity is 120.The firm should consider how to minimize its losses.
Definitions:
Scapula
A flat, triangular bone located at the back of the shoulder, also known as the shoulder blade.
Dislocated Shoulder
A condition where the head of the upper arm bone is displaced from the shoulder socket, causing pain and immobility.
Scapula
A flat, triangular bone located in the upper back, part of the shoulder girdle.
Humerus
A long bone in the arm or forelimb that runs from the shoulder to the elbow.
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