The correct option is A.
1. $(h \circ g)(x)$
By definition, $(h \circ g)(x) = h(g(x))$. Substitute $g(x) = 2x - 1$ into $h(x)$:
$$h(2x - 1) = \frac{((2x - 1) + 1)^2}{(2x - 1)^2 + 1} = \frac{(2x)^2}{(2x - 1)^2 + 1} = \frac{4x^2}{(2x - 1)^2 + 1}$$
2. $(h \circ g \circ f)(x)$
We substitute $f(x) = x^2 - 3x + 1$ directly into our result for $(h \circ g)(x)$:
$$(h \circ g)(f(x)) = \frac{4(f(x))^2}{(2f(x) - 1)^2 + 1}$$
Putting it together:
$$(h \circ g \circ f)(x) = \frac{4(x^2 - 3x + 1)^2}{(2x^2 - 6x + 1)^2 + 1}$$