If a Profit-Maximizing Monopoly Is Producing an Output at Which

Multiple Choice

If a profit-maximizing monopoly is producing an output at which marginal cost exceeds marginal revenue,it

A) raises the price and decreases output to increase economic profit.
B) lowers the price and increases output to increase economic profit.
C) lowers the price and decreases output to increase economic profit.
D) is incurring an economic loss.
E) is maximizing profit.