The Monopoly Determines Its Own Profit-Maximizing Output and Therefore the Appropriate

Multiple Choice

The monopoly determines its own profit-maximizing output and therefore the appropriate price for its product:

A) however, it is still at the mercy of market demand for its product.
B) and can virtually ignore the market demand for its product.
C) thus, it is guaranteed to make a greater than normal profit.
D) thus, it is guaranteed to make a normal profit.
E) thus, it is guaranteed, even in the short run, to never sustain a loss.