Suppose we are in a market with fixed marginal costs and a downward sloping demand curve. Which of the following statements are true?

a) Suppose there is a simple monopoly operating in this market. The profits of the simple monopolist are larger than the profits of one of a thousand firms, with the same fixed marginal costs, operating in a perfectly competitive market, but smaller than the sum of the profits of these thousand firms. b) Suppose there is a simple monopoly operating in this market. The profits of the simple monopolist are larger than the sum of profits of a thousand firms, with the same fixed marginal costs, operating in a perfectly competitive market.

c) Suppose there is a simple monopoly operating in this market. The profits of the simple monopolist are larger than the sum of profits of two firms that are competing in quantities (Cournot) with the same costs and facing the same demand.

d) Suppose there is a simple monopoly operating in this market. The profits of the simple monopolist are larger than the profits of each of two firms that are competing in quantities (Cournot) with the same costs and facing the same demand, but lower than the sum of profits of these two firms.

e) Suppose that there are two firms competing in this market, each making strictly positive profits and posting the same price. The profit of a simple monopolist in this market is larger than the sum of profits of these two firms.