Which of the Following Statements About a Non-Discriminating Monopoly Firm

Multiple Choice

Which of the following statements about a non-discriminating monopoly firm is correct?

A) It charges a price greater than its marginal cost.
B) Its high prices generate inflation.
C) It charges a price that maximizes its total revenues.
D) As a price setter,it can ignore market demand.
E) It has no incentive to produce each output level at the lowest possible cost.