Which of the following accurately describe a major difference between a purely competitive firm and a monopoly

The correct answer is :
d. the monopolist may earn long-run economic profit, while the competitive firm cannot

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A monopoly is one that provides consumers with no other choice by to buy their products, in other words, restricts consumer power to choose and select. A competitive firm is one that poses themselves as the best choice for the consumer in multiple levels including price. A competitive acknowledges its competitors and strives to place themselves above all. Both can earn long-run economic profit and both maximizes sales and minimizes costs.

Based on these, I think the best description is (b). The monopolist is a price taker, while the competitive firm is a price searcher.

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d. the monopolist may earn long-run economic profit, while the competitive firm cannot