If a Monopolist Draws a Set of Cost and Revenue

Multiple Choice

If a monopolist draws a set of cost and revenue curves to represent the firm, he would show that

A) price intersects average total cost at the average total cost curve's minimum
B) price lies above the marginal revenue curve
C) marginal revenue at every output level equals zero
D) marginal cost at every output level equals zero
E) average total cost equals marginal cost