Question: After pouring all your money and energy into this business
After pouring all your money and energy into this business, if you are losing money, should you shut down? [Include topics such as production & profit maximization, product & cost curves, ling-run average cost, industry types (i,e, perfect monopoly, etc.] Rather than be in a perfectly competitive market, in an effort to maximize profits, select the type of market would you rather be in and analyze what you would have to do to make it happen. [Include monopoly, monopolistic competition, and oligopoly.]
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