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A monopolist will shut down when _in the long run and_in the short run. P > ATC; P > ATC P < ATC; P <

A monopolist will shut down when _________in the long run and_________in the short run.

P > ATC; P > ATC

P < ATC; P < AVC

P = ATC; P = ATC

P < ATC; P > AVC

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