A monopolist produces

	a.	less than the socially efficient quantity of output and at a higher price than in a competitive market.
	b.	less than the socially efficient quantity of output and at a lower price than in a competitive market.
	c.	more than the socially efficient quantity of output and at a higher price than in a competitive market.
	d.	the socially efficient quantity of output and at a higher price than in a competitive market.