The monopolist that maximizes profit:

A) imposes a cost on society because the selling price is above marginal cost.
B) imposes a cost on society because the selling price is equal to marginal cost.
C) does not impose a cost on society because the selling price is above marginal cost.
D) does not impose a cost on society because price is equal to marginal cost.

Monopolist

An individual or entity that has the exclusive control or possession of the supply or trade in a commodity or service, allowing them to manipulate the market.

Selling Price

Selling price is the amount of money that a seller is willing to accept in exchange for a good or service it provides to buyers.

Marginal Cost

The extra expense resulting from the manufacture of an additional unit of a product or service.