FIGURE 10- 4 Suppose a Monopolist Faces the Demand Curve

FIGURE 10- 4 Suppose a monopolist faces the demand curve and cost curves shown below.

-A monopoly is distinguished from a firm operating under any other market structure in the following way: the monopoly

A) does not produce at a profit- maximizing level of output.
B) faces a demand curve which is identical to the market demand curve.
C) can choose its output level.
D) charges a price higher than its average revenue.
E) can choose its level of cost.