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The graph below represents a perfectly competitive firm.

Jane Schaefer. Created for Albert.io. Copyright 2016. All rights reserved.

If the price in the market is currently at P3, all of the following are true based on the above graph EXCEPT

A

The total revenue is represented by area 0P3CQ.

B

The total costs are represented by the area 0P2BQ.

C

The total variable costs are represented by the area 0P1AQ.

D

The total fixed costs are represented by the area P1P3CA.

E

The total profit is represented by the area P2P3CB.

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