For this purely competitive firm, area P2P1de shows: (1) fixed cost (TFC). (2) losses, but the minimum possible economic loss. (3) average fixed cost (AFC). (4) maximum economic profits. (5) the rate of return on investment.
![2102_Total Revenue1.png](https://secure.tutorsglobe.com/CMSImages/2102_Total%20Revenue1.png)
Can anybody suggest me the proper explanation for given problem regarding Economics generally?