1. A local hardware store is trying to decide whether to stay open. They have fo

1. A local hardware store is trying to decide whether to stay open. They have found that their industry is extremely competitive and profits have shrunk considerably. Knowing that you have taken an economics course the owners have asked for your opinion. Draw a completely labeled graph to help you explain the shutdown decision. You should show two graphs in your answer one for the market as a whole and one for this store in particular. Assume that the store is losing money; however explain why they may want to stay open for a little while longer. (NOTE: Your answer should be a written explanation of your graph.)