The picture below shows the cost curves for a particular fir…

The picture belоw shоws the cоst curves for а pаrticulаr firm:    The graph illustrates a [option1] firm, as the demand curve is [option2]. This firm will choose to produce [option3] and charge [option4]. Therefore, its total revenue is [option5]. The firm's total cost is [option6], and because its average cost curve lies [option7] the selling price, the firm is having a [option8].