Eli Johnson inherited the only local cable TV company in town after his father passed away. The company is completely unregulated by the government and is therefore free to operate as it wishes. Assuming that Eli understands the true power of his new monopoly, he is probably most excited about which of the following statements?

$($i$)$He will be able to set the price of cable TV service at whatever level he wishes.

$($ii$)$The customers will be forced to purchase cable TV service at whatever price he wants to set.

$($iii$)$He will be able to achieve any profit level that he desires.

Group of answer choices

$($i$)$ only

$($i$)$ and $($iii$)$

All of the above are correct.

$($ii$)$ only