Which of the Following Is True for a Firm That

Multiple Choice

Which of the following is true for a firm that is a monopolist?

A) the firm will make an economic profit in the short run.
B) the firm will produce a smaller quantity of output than what would be best from the viewpoint of ideal economic efficiency.
C) the additional revenue that can be generated from an increase in output will exceed the firm's price.
D) the firm can charge whatever it wants for its product since consumers have no alternatives.