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In the following gure, if the monopoly rm faces ATC1, which rectangle measures total prot? If the monopoly rm faces ATC2, what is total prot?
In the following gure, if the monopoly rm faces ATC1, which rectangle measures total prot? If the monopoly rm faces ATC2, what is total prot? What information would you need in order to know whether the monopoly rm will shut down or con- tinue producing in the short run? In the long run
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