People who need life-saving drugs cannot do without them and surely will be will

Question

People who need life-saving drugs cannot do without them and surely will be willing to pay very high prices for them. So why can't producers of life-saving drugs charge any price that they wish to? A. A monopolist, such as one selling life-saving drugs, still faces downward-sloping demand curves. B. The government will force monopolies to lower drug prices if they charge too much. c. Monopolists that sell life-saving drugs face a horizontal supply curve. D. If the producers of life-saving drugs raise the price, the price effect always dominates and total revenue falls.

Explanation / Answer

My answer is D.

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