Can you please help me with these questions? I will rate helpful ?

Suppose a monopolist is currently producing where its variable costs are $1 million. Its fixed costs are $1.5 million. Its revenues are $1.2 million. Should the firm shut down in the short run? Should it leave the industry in the long run? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a no; yes b no; no C yes; yes d yes; noIn the long run, a profit-maximizing perfectly competitive industry will be Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a technically and allocationy efficient b allocationly efficient alone c technically efficient alone d neither technically or allocationy efficientMonopoly markets technically efficient, because monopoly firms do not need to achieve technical efficiency to ensure they do not earn economic losses. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a are always b are not always