Which of the Following Is a Major Difference Between a Monopolist

Which of the following is a major difference between a monopolist and firms in perfectly competitive markets?

A) The monopolist may earn short-run profit; firms in perfectly competitive markets cannot.
B) The monopolist maximizes profit; firms in perfectly competitive markets maximize sales.
C) The monopolist is a price taker; firms in other markets are price searchers.
D) The monopolist may earn long-run economic profit; firms in perfectly competitive markets cannot.

Correct Answer:

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