radomes.openskiesproject.org
keighly3761 keighly3761
  • 29-05-2024
  • Business
Answered

A monopoly shuts down when
A) the average cost is less than price.
B) the short run price is below its average variable costs.
C) the long run price is below its average variable costs.
D) never, because it can raise its prices as high as necessary to keep operating and maximize profits.

Verified Answer :

courtneytorr3s
courtneytorr3s courtneytorr3s
  • 29-05-2024

Answer:

C

Explanation:

C is the correct answer

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