A Profit-Maximizing Monopolist

A profit-maximizing monopolist

A) is just as socially efficient as a perfectly competitive firm in allocating resources to production since he or she, too, seeks the largest return on his or her investment.
B) produces an output level at which marginal utility exceeds marginal cost.
C) produces more output than a perfectly competitive industry.
D) always produces in the inelastic region of his or her demand curve.