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The pandemic has forced many monopolistically competitive firms to shut down.Illustrate and explain with aid of an appropriate diagram their decision-making process.Pay particular attention to

The pandemic has forced many monopolistically competitive firms to shut down.Illustrate and explain with aid of an appropriate diagram their decision-making process.Pay particular attention to the location of the ATC curve in your diagram. Illustrate and explain with an appropriate diagram what will happen in the industry in the Long run.

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