A Single-Price Monopolist Is Currently Producing an Output Level Where

Multiple Choice

A single-price monopolist is currently producing an output level where price equals marginal cost,and profits are positive.In order to maximize profits,this monopolist should

A) produce zero output.
B) increase production and reduce price.
C) decrease production and increase price.
D) not change his output level,because he is currently earning profits.
E) reduce price and let production adjust to the new price.