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Which of the following is (are) true of a monopoly? (i) A monopoly has the ability to set its price

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Which of the following is (are) true of a monopoly?

(i) A monopoly has the ability to set its price.

(ii) A monopolist's marginal revenue will always increase when it lowers the price of its product.

(iii) A monopoly can never experience an economic loss.

a. (1) only

b. (11) only

c. (1) and (ii) only

d. (1) and (ii) only