Identify the Truthfulness of the Following Statements

Multiple Choice

Identify the truthfulness of the following statements.
I. A monopoly market consists of a single seller facing many buyers.
II. Because the monopolist is the only seller of her product, she may sell any quantity that she chooses for any given price.

A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.