Monopolies are socially inefficient because the price they charge is a equal to marginal revenue. b. above marginal cost. c. equal to demand. d. above demand Consider the following Demand and cost curves facing a monopolist for questions 1 T Price 30 MC 23 20 15 ATC D 0 9 12 Quantity 15' MR. 14. In order to maximize profits, the monopolist should produce a. 9 units. b. 12 units. c. 15 units. d. more than 15 units. 15. What is the maximum profit the firm has? a. $96. b. $120. c. $126. d. $225