A monopolist is currently producing 600 units of output. At this level of output the firm is charging a price equal to $10, has marginal revenue equal to $6, has marginal cost equal to $6, and has average total cost equal to $8. From this information we can conclude that the firm a. is maximizing profit. b. will earn higher profits if it increases price and reduces output O c. will earn higher profits if it decreases price and increases output O d. is suffering economic losses of $1,200. O O