Which of the following conditions is TRUE for a monopolist?

The economy is in long-run equilibrium when ________ and ________

A) real GDP equals potential GDP; the unemployment rate equals zero B) the output gap equals zero; the inflation rate equals the target inflation rate and the expected inflation rate C) the output gap is at its maximum; the inflation rate equals the target inflation rate and the expected inflation rate D) the unemployment rate equals the natural rate of unemployment; the inflation rate equals zero

The assumption of completeness means that

A) the consumer can rank all possible consumption bundles. B) more of a good is always better. C) the consumers can rank all affordable consumption bundles. D) all preferences conditions are met.