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The Following Graph Shows the Demand and Cost Curves of an Imperfectly

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The following graph shows the demand and cost curves of an imperfectly competitive firm.MC and ATC represent the marginal cost curve and the average cost curve respectively. Figure 8.1 The following graph shows the demand and cost curves of an imperfectly competitive firm.MC and ATC represent the marginal cost curve and the average cost curve respectively. Figure 8.1   Refer to Figure 8.1.At price P<sub>1</sub> the firm sells quantity Q<sub>1</sub>, and total cost is shown by: A) the rectangle ABCD. B) the rectangle ABEF. C) the rectangle FECD. D) the distance AB. E) the distance BC. Refer to Figure 8.1.At price P1 the firm sells quantity Q1, and total cost is shown by:

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