Which of the Following Is True of a Monopolist in the Long

Multiple Choice

Which of the following is true of a monopolist in the long run?

A) The firm will charge a price that is higher than long-run marginal cost.
B) The firm will charge a price that is equal to or greater than long-run average cost.
C) The firm will produce that level of output at which long-run average cost is minimum.
D) both a and b
E) both b and c