In the Long Run, Profit-Maximizing Monopolists Facing a Downward-Sloping Demand

Multiple Choice

In the long run, profit-maximizing monopolists facing a downward-sloping demand curve

A) can obtain profits greater than their opportunity costs of capital.
B) can produce where average total costs are minimized
C) can have a price that is the same as marginal revenue.
D) All of these responses are correct.