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…