If a Perfectly Competitive Firm and a Single-Price Monopolist Face

Multiple Choice

If a perfectly competitive firm and a single-price monopolist face the same demand and cost curves, then

A) the competitive firm will attain resource-allocative efficiency, but the monopolist will not.
B) the competitive firm will attain resource-allocative efficiency, but the monopolist may or may not, depending upon the demand for its product.
C) the competitive firm will not attain resource-allocative efficiency, but the monopolist will.
D) both the competitive firm and the monopolist will attain resource-allocative efficiency.
E) neither the competitive firm nor the monopolist will attain resource-allocative efficiency.