Suppose a Lazy Monopolist's Fixed Costs Are Higher Than the Fixed

Multiple Choice

Suppose a lazy monopolist's fixed costs are higher than the fixed costs of an efficient monopolist. In all other respects the monopolists are the same. Which of the following statements about this lazy monopolist is true?

A) Its total profit is lower than that of the monopolist producing efficiently.
B) Its total profit is the same as that of the monopolist producing efficiently.
C) Its total revenue is less than that of the monopolist producing efficiently.
D) It produces less than does the monopolist producing efficiently.