A Monopolistically Competitive Firm and a Monopoly Are Similar Because

Multiple Choice

A monopolistically competitive firm and a monopoly are similar because

A) both firms will earn zero profits in the long run.
B) both firms always operate at their point of minimum average cost.
C) each firm can raise its price without losing all of its sales.
D) both firms must behave strategically toward other firms in the industry.
E) each firm has a large number of competitors.