In a Monopoly Market

In a monopoly market:

A) the lack of competition causes the price of the product to equal average cost.
B) a firm maximizes profits by producing the level of output that minimizes average cost.
C) the additional revenue from selling one more unit of output usually is greater than the price.
D) the lure of above-normal profits may give a firm an incentive to develop new products and technologies.(True
Answer ) Correct