The Table Given Below Shows the Price, Marginal Revenue and Marginal

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4

-Identify the correct statement.

A) A monopolist's pricing decision is limited by the demand for its product.
B) A monopolist is able to choose any price and quantity combination that it desires.
C) A monopolist can increase its profits by increasing price if the demand for its good is relatively elastic.
D) A monopolist does not suffer losses even in the short run.
E) A monopolist is not able to reap positive profits in the long run.