N - When the demand curve of 1 point a monOpolistically competitive rm lies above the ATC curve. the rm is earning positive prots, hence will lure more rms into the industry in the long run, what will happen next? * 0 Demand curve will shift to the right 0 Demand curve will shift to the left 0 Prot will increase 0 Shut down J - For short run output 1 point decision under perfect competition - lf price is below the average total cost and average variable cost, what should do the rm to minimize losses? * 0 Continue operating to earn revenue 0 Increase the price 0 Shut down its plant I 0 None of the above