A monopolist sets both price and quantity simultaneously, and the amount of output that it supplies depends

A) only on the marginal cost curve.
B) only on the demand curve.
C) on both its marginal cost curve and the demand curve that it faces.
D) on both its average cost curve and the demand curve that it faces.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit of a good changes as production volume changes.

Demand Curve

A visual depiction that illustrates the correlation between a product or service's price and the amount consumers are willing to purchase at different price points.