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Circle 1. Al and George's used car lot has total revenue of $5 million, fixed costs of $8 million, and variable costs of $4 million.

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Circle 1. Al and George's used car lot has total revenue of $5 million, fixed costs of $8 million, and variable costs of $4 million. In the short run the firm will and in the long run it will (LO8) a) shut down, go out of business b) shut down, stay in business c) operate, stay in business operate, go out of business

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