JoJo has a monopoly producing stringless yoyos. His company is called JoJo's Yoyos. As a result of his monopoly position,
A. he is guaranteed a profit.
B. if he loses money in the short run, he will make money in the long run.
C. his average total costs will always be lower than the price he charges.
D. None of the choices are correct.
D. None of the choices are correct.
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