FIGURE 10- 4 Suppose a Monopolist Faces the Demand Curve

FIGURE 10- 4 Suppose a monopolist faces the demand curve and cost curves shown below.

-Suppose that a single- price monopolist knows the following information: $\begin{array} {| l |l |l |l |l |l |l |l | }\hline \text { Price } & \text { Quantity } & \text { TR } & \text { MR } & \text { Fixed Cost} & \text { TC } & \text { ATC } & \text { MC }\\\hline \$ 10.00&1500&&\$ 7.00&\$6000&&\$5.00&\$5.00\\\hline \end{array}$
The monopolist could maximize profits by

A) lowering price and increasing output.
B) lowering price and leaving output unchanged.
C) shutting down.
D) staying at the current price and output.
E) raising price and leaving output unchanged.