If a Single-Price Monopoly Is Presently Producing an Output at Which

Multiple Choice

If a single-price monopoly is presently producing an output at which marginal revenue is less than marginal cost,it can increase its profits by

A) reducing output and raising prices.
B) reducing output and holding prices unchanged.
C) expanding output and lowering price.
D) expanding output and raising price.
E) reducing barriers to entry.