Which of the Following Is True of a Firm in a Monopoly

Multiple Choice

Which of the following is true of a firm in a monopoly market?

A) The price charged by the monopolist is less than the marginal cost of production.
B) The equilibrium output in a monopoly market is smaller compared to a competitive market.
C) There is a deadweight loss in a monopoly market.
D) In a monopoly market long-run economic profits are zero.