Identify the True Statements Below

Multiple Choice

Identify the true statements below.(i) when a competitive firm sells an additional unit of output, its revenue increases by an amount less than the price
(ii) when a monopoly firm sells an additional unit of output, its revenue increases by an amount less than the price
(iii) marginal revenue is the same for both competitive and monopoly firms

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