The Figure Given Below Shows the Revenue and Cost Curves

The figure given below shows the revenue and cost curves of a perfectly competitive firm. Figure 23.5 MC: Marginal cost curve
MR: Marginal revenue curve.
ATC: Average-total-cost curve
AVC: Average-variable-cost curve
According to Figure 23.5, the firm has:

A) profits equal to the area AP₁EF.
B) profits equal to the area P₁BDE.
C) losses equal to the area 0AFQ₁.
D) losses equal to the area P₁BDE.
E) no profit no loss.