Because monopoly firms are price setters,they:

A) can sell more only by lowering the price.
B) sell more at higher prices than at lower prices.
C) take the market-determined price as given and sell all they can at that price.
D) charge the highest possible price.

Price Setters

Firms or entities that have the ability to influence or determine the price of goods or services in the market due to lack of competition or other factors.

Lowering the Price

A strategy in which a seller reduces the cost of a product or service to attract more buyers or drive sales volume.

Monopoly Firms

Entities that are the sole providers of a product or service in a market, facing no competition.