Figure 14-4
The figure below depicts the cost structure of a firm in a competitive market.
-Refer to Figure 14-4.When market price is P₂,a profit-maximizing firm's losses can be represented by the area
A) (P₃ - P₂) 
Q₂.
B) (P₂ - P₁) 
Q₂.
C) At a market price of P₂, the firm does not have losses.
D) At a market price of P₂ the firm has losses, but the reference points in the figure don't identify the losses.
Correct Answer:
Verified
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