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PRICE [boulars per record) P3 MC P2 B C P1 Demand MR I 01 02 QUANTITY [Records) If the record industry were perfectly competitive, the

PRICE [boulars per record) P3 MC P2 B C P1 Demand MR I 01 02 QUANTITY [Records) If the record industry were perfectly competitive, the total welfare in town would be represented by Select one: O a. Area C + Area E O b. Area A + Area B + Area C + Area D + Area E O c. Area A + Area B + Area C O d. Area A + Area B + Area D + Area E

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