Which statement is true?

A) The monopolist's most efficient output is its most profitable output as well.
B) The monopolist charges a higher price than the perfect competitor in the long run.
C) All monopolists have control over an essential resource.
D) None of these statements are true.

Essential Resource

A resource considered vital for the survival of an economy or the operation of a business.

Long Run

A period in economics sufficient for all markets to adjust, including production levels, prices, and resource allocation, often contrasted with the short run where some factors are fixed.

Efficient Output

The level of production at which a firm or economy is producing at minimum average total cost, optimizing resource use.