The following statements give some information about six firms. a. Coca-Cola cuts its price below that of Pepsi-Cola to increase profit. b. A single firm, protected by a barrier to entry, produces a personal service that has no close substitutes. c. A barrier to entry exists, but the good has some close substitutes. d. A museum offers discounts to students and seniors. e. A firm can sell any quantity it chooses at the going price. 1. A firm experiences economies of scale even when it produces the quantity that meets the entire market demand. Which of the six cases are monopolies or might give rise to monopoly? A monopoly might arise in the markets described in OA. statements c, d, and e B. statements e and f C. statements b and f D. statements a, b, and c

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