As a Monopolist Increases the Quantity of Output Produced,_____

Multiple Choice

As a monopolist increases the quantity of output produced,_____

A) both price and marginal revenue remain constant.
B) price remains constant, but marginal revenue decreases.
C) price decreases, but marginal revenue remains constant.
D) both price and marginal revenue decrease, but price falls faster than marginal revenue.
E) both price and marginal revenue decrease, but marginal revenue falls faster than price.