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

-One of the popular myths about monopoly is that:

A) a monopolist is the single seller of a particular commodity.
B) a monopolist can charge any price for his/her good.
C) a monopolist is a price maker.
D) a monopolist may earn positive profits even in the long run.
E) a monopolist faces the market demand curve.