The profit maximizing behavior of a monopoly is different from that of a perfectly competitive firm in that a monopoly can
A. only choose the desired output, while a competitive firm can control only price.
B. control the position of its demand schedule, but a competitive firm cannot.
C. control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.
D. only choose the desired price, while a competitive firm can control only output.
Answer: C
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