Which of the Following Statements Is (Are) True of a Monopoly

Multiple Choice

Which of the following statements is (are) true of a monopoly? (i)
A monopoly has the ability to set the price of its product at whatever level it desires.
(ii)
A monopoly's total revenue will always increase when it increases the price of its product.
(iii)
The more a monopoly increases output, the higher the profits.

A) (i) only
B) (ii) only
C) (i) and (ii) only
D) (ii) and (iii) only