Which of the following is a major difference between monopolists and firms in perfectly competitive markets? a

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Which of the following is a major difference between monopolists and firms in perfectly competitive markets?

a. Monopolists ensure greater consumer welfare, while firms in perfectly competitive markets do not,

b. Monopolists are price takers, while firms in perfectly competitive markets are price makers,

c. Monopolists can earn a short-run profit, while firms in perfectly competitive markets cannot,

d. Monopolists may earn a long-run economic profit, while firms in perfectly competitive markets cannot,

e. Monopolists maximize profit, while firms in perfectly competitive markets maximize sales.