A single-price monopolist is currently producing an output level where P=$20, MR=$13, ATC=$15, and MC=$14. In order to maximize profits, this monopolist should
A)
not change his output level, because he is currently at the profit-maximizing output level.
B)
decrease production and increase price.
C)
increase production and reduce price.
D)
shut down.
E)
there is insufficient information to make a recommendation.
B