(a)Which of the following is true (A)A monopolist produces on the inelastic portion of its demand. (B)A monopolist always earns an economic profit. (C)The more inelastic the demand the closer marg?

(A) A monopolist produces on the inelastic portion of its demand. This is true because a monopolist maximizes profit where marginal revenue equals marginal cost, and inelastic demand allows the monopolist to raise prices without losing too many customers. However, (B) is not necessarily true, as a monopolist can incur losses in the short run, and (C) is incomplete, but typically, the more inelastic the demand, the closer marginal revenue will be to price.