When a monopoly maximizes profit,the loss of surplus by consumers is _____ the monopolist's gain in profit.

A) less than
B) equal to
C) more than
D) sometimes more than and sometimes less than

Surplus

When the quantity supplied of a commodity surpasses the quantity demanded, often resulting in a decrease in price to balance the disparity.

Monopolist

An individual or entity that has exclusive control over the production and selling of a particular good or service.