A Big Difference Between a Competitive Firm and a Monopolist

Multiple Choice

A big difference between a competitive firm and a monopolist is that a monopolist

A) does not charge a price equal to marginal revenue.
B) does not set marginal revenue equal to marginal cost to maximize profits.
C) does not try to maximize profits.
D) can always make positive economic profits.
E) cannot set its price at the market price.