Figure 97 Figure 9

Figure 9.7 Figure 9.7 shows short-run cost and demand curves for a monopolistically competitive firm in the footwear market.
-Refer to Figure 9.7.The area that represents the profit or loss experienced by the firm is ______.

A) a loss represented by the rectangle P₂uvP₁
B) a loss represented by the rectangle P₂uwP₀
C) a loss represented by the rectangle P₁vwP₀
D) an accounting profit equal to P₁vwP₀