Figure 14-5 Suppose a Firm Operating in a Competitive Market Has the Has

Figure 14-5
Suppose a firm operating in a competitive market has the following cost curves:
-Refer to Figure 14-5.When market price is P2,a profit-maximizing firm's losses can be represented by the area

A) (P4 - P2) * Q2.
B) (P2 - P1) * (Q2-Q1) .
C) At a market price of P2,the firm earns profits,not losses.
D) At a market price of P2 the firm has losses,but the reference points in the figure don't identify the losses.