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QUESTION
Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?
Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?
Why might a business owner keep their business open but let it deteriorate, rather than shut it down? Will this profitability last?Answer:To achieve the profit maximization, the monopolist should...