Do you agree or disagree with each of the following$$ statements? Explain your reasoning.

FBecause a monopoly is the only firm in an$$ industry, it can charge virtually any price for its product. The statement is

A$.$

incorrect because a monopoly is not necessarily the only firm in an industry.

B$.$

incorrect because a monopoly is constrained by

barriers to entrybarriers$$to$$entry$.$

C$.$

incorrect because new firms may enter a$$ monopoly's industry.

D$.$

incorrect because a monopoly is constrained by consumer demand.

E$.$

correct