Identify the truthfulness of the following statements.

I.A monopoly market consists of a single seller facing many buyers.

II.Because the monopolist is the only seller of its product, it may sell any quantity that it chooses for any given price.

III.Regulated monopolies always produce the competitive quantity at the competitive price.

a.I, II, and III are all true.

b.Both I and III are true but II is false.

c.II and III are true; I is false.

d.III is true; I and II are false.

e.Both I and II are true; III is false.

f.I, II, and III are all false.

g.II is true; I and III are false.

h.I is true; II and III are false.