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Question 10 Not yet answered Marked out of 1.00 Flag question A monopolistically competitive firm will shut down in the short run if: Select one: O a. If it can not cover its variable costs. O b. If it can not cover its total costs. O c. If it can not attain normal profits. O d. It can not cover its fixed costs. Question 12 Not yet answered Marked out of 1.00 Flag question If a firm sells its output in a market that is characterized by one sellers and difficult entry and exit, then the firm is a : Select one: O a. Monopolistic competitor O b. Perfect Competitive. O c. Oligopoly O d. Monopolist