​It is more profitable for a firm to be_______ than ________

A) ​In perfect competition;monopolists
B) A monopolists;in perfect competition
C) Not in business;in business
D) ​All of the above

Perfect Competition

A market structure characterized by an infinite number of small suppliers and buyers, leading to price-taking behavior.

Monopolists

Firms or individuals that are the sole providers of a particular product or service in a market, giving them the power to set prices without competition.

Profitable

The ability of a business or activity to generate earnings that exceed its expenses and costs.