The Market Demand Curve That a Monopoly Faces Implies That

Multiple Choice

The market demand curve that a monopoly faces implies that

A) the law of demand is still at work.
B) cost does not matter.
C) the monopoly can increase price indiscriminately and consumers have no choice but to pay it.
D) the monopoly does not have to be concerned about making profits.
E) an increase in output will not affect price.