The Table Given Below Shows the Price, Marginal Revenue and Marginal

Multiple Choice

The table given below shows the price, marginal revenue and marginal cost of a monopolist at different levels of the output. The firm does not incur a fixed cost of production.Table 11.4

-A monopolist can charge a high price if:

A) the quantity demanded of its product is positively related to price.
B) the demand for its product is relatively price-elastic.
C) the demand curve for its product is negatively sloped.
D) the demand for its product is relatively price-inelastic.
E) there exist a large number of substitutes for its product.