(Solved): Consider the graph below for a monopoly. Which one of the following statements is true? If the mono ...

Consider the graph below for a monopoly. Which one of the following statements is true? If the monopolist engages in first degree price discrimination then the profit maximizing output is $E$. Under simple monopoly behavior, the profit maximizing price is in the elastic portion of the demand curve. If the monopolist engages in first degree price discrimination the deadweight loss area is CBA. Profit is definitly positive. If the monopolist is a simple monopoplist then the profit maximizing price is I.