The following graph shows the short-run average total cost curves and the long-run average total cost curve for a publishing firm. The five marked quantities indicate points of tangency between each short-run average total cost curve (ATC) and the long-run average total cost curve (LRATC); for example, Q1 marks the point of tangency between ATC1 and LRATC. The orange point on ATC indicates the firm's current output level in the short run (@2). (? ATC ATC 5 LRATC ATC , ATC3 ATC 4 COST PER UNIT Q 1 Q Q5 OUTPUT In the long run, if the firm decides to keep output at its initial level, what will it likely do? Shift to operate on ATC3 O Shift to operate on ATC2 Stay on ATC1 but decrease to the point touching LRATC Shut downCOST PER UNIT OUTPUT In the long run, if the rm decides to keep output at its initial level, what will it likely do? 0 Shi: to operate on ATC3 0 Shin to opemte on ATC2 0 Stay on ATC1 but decrease to the point touching LRATC 0 Shut down True or False: The minimum efficient scale is achieved at the minimum point on each average total cost curve. O True 0 False Continue without saving