Which of the following accurately describes a major difference between a monopolist and firms in perfectly competitive markets?
A.
The monopolist maximizes profit; firms in perfectly competitive markets maximize sales.
B.
The monopolist may earn long-run economic profit; firms in perfectly competitive markets cannot.
C.
The monopolist is a price taker; firms in other markets are price searchers.
D.
The monopolist may earn short-run profit; firms in perfectly competitive markets cannot.