In a perfectly competitive market, competition drives prices to the point where they generate profits. no longer cover costs. just cover costs. produce losses.

   Generate profits

Explanation:  In a perfectly competitive market that involves the absence of a monopoly, prices are formed so that all competitors make a profit. The absence of a monopoly means fair conditions for everyone, and anyone, according to their abilities, investments, can make a profit. Otherwise, the monopoly destroys other competitors by forming a price that is not realistic by the laws of the market, that is, is not marketable and exceeds the capabilities of other competitors. A perfect competitive market, in other words, means determining the market conditions in which all competitors can participate.

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we need the diagram to answer this correctly.