The quantity produced by a profit-maximising monopolist is

Select one:

A.

not socially efficient because it charges a price that prevents some socially beneficial trades from occurring.

B.

socially efficient because it forces small, inefficient firms out of the market.

C.

socially efficient because the seller and all buyers have perfect information.

D.

None of the other answers.

E.

not socially efficient because its profits take away from consumer surplus.