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If a market is characterized as a pure monopoly, which of the following will be the result of the monopolist maximizing profits: a. The monopolist

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If a market is characterized as a pure monopoly, which of the following will be the result of the monopolist maximizing profits: a. The monopolist will charge a price such that the good will be under-produced and producers capture surplus from consumers Ob. The monopolist will charge a price such that the good will be over-produced and producers capture surplus from consumers. Oc. The monopolist will charge a price such that the good will be over-produced and consumers gain surplus. Od. The monopolist will charge a price such that the good will be under-produced and consumers gain surplus

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