If a Monopolist Set the Quantity Produced at MR =

Multiple Choice

If a monopolist set the quantity produced at MR = MC and charge a price according to the market demand curve,then:

A) a deadweight loss is created as a result of a lower consumer surplus.
B) a deadweight loss is created as a result of a higher consumer surplus.
C) a deadweight loss is created as a result of a loss to the monopolist.
D) a deadweight loss is created as a result of higher output produced and higher price charged by the monopolist.