Identify the Truthfulness of the Following Statements

Multiple Choice

Identify the truthfulness of the following statements.
I. For the monopolist, the average revenue curve is the demand curve.
II. For the monopolist, marginal revenue is less than average revenue.

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.