In the short run, the monopoly firm just like the firm under perfect competition) can temporarily choose to cease production.

Name: In the short run, the monopoly firm just like the firm under perfect competition) can temporarily choose to cease production.
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Monopoly firms, just like firms under perfect competition, have the option to temporarily shut down production in the short run. This is because continuing production at a loss would not be profitable in either market structure.

In the Short Run, the Monopoly Firm Just Like the Firm