Hi there! I'm a bit confused with this question. Could u explain how it can be solved? (The last one)

Choose the item from the pulldown menu which makes the statements below correct. In perfect competition a firm faces a demand for its product that is equal to Click for List And Click for List To maximize its total profits or minimize its total losses. a firm in perfect competition will produce all units of its product that have Provided in the short run the price of the product is greater than Click for List for the firm to stay in the industry , In the long run price will be equal to Click for List minimum AVC minimum ATC average revenue marginal revenue marginal cost average vanable cost