These are the cost and revenue curves associated with a firm.
If the firm in the graph were producing Q2 and charging P2,it:

Question

These are the cost and revenue curves associated with a firm. 
If the firm in the graph were producing Q2 and charging P2,it:

Quizplus · Accepted Answer

If the firm is producing Q2 and charging P2, it represents the point where the marginal cost curve intersects the marginal revenue curve. At this point, the firm is producing efficiently and achieving maximum profits. In a perfectly competitive market, this is the market equilibrium where there is no deadweight loss. Therefore, all three statements are true.

These Are the Cost and Revenue Curves Associated with a Firm