Which Statement Is Correct

question 73

Multiple Choice

Which statement is correct?

• A) In the short run,the pure monopolist will maximize total profits by producing at that level of output where the difference between price and average total cost is greatest.
• B) In the short run,the pure monopolist will charge the highest price it can get for its product.
• C) Because of its ability to administer prices,the pure monopolist can increase its price and increase its volume of sales simultaneously.
• D) Pure monopolists do not always realize economic profits.