Which one of the following statements is incorrect? Under perfect competition

Use the diagram below which shows the short-run conditions of a firm in a perfectly competitive market to answer the question.

The firm is making _______.

Look at the figure below and then indicate whether the statement is True (T) or False (F):

At prices R20 and R30 (Q1 and Q2 respectively), the firm incurs an economic loss. 

Look at the figure below and then indicate whether the statement is True (T) or False (F):

The firm’s supply curve starts at price R20 and Q₁.