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Serena is a single-price, profit-maximizing monopolist who sells her own patented perfume (shown in the graph below)

Economics

Serena is a single-price, profit-maximizing monopolist who sells her own patented perfume (shown in the graph below). What is the equilibrium price and quantity under monopoly conditions? b. If instead Serena had to operate like a competitive firm, what would be the equilibrium price and quantity? What is the deadweight loss and total loss to consumer surplus when Serena operates as a monopoly? d. How much surplus would Serena have if she could act as a perfectly price- discriminating monopolist? c. 60 MC 50 45 40 1 1 1 1 1 1 1 $ per ounce 1 1 30 1 20 15 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 10 1 1 1 MR 1 D 24 O 4 6 8 12 16 Ounces/day

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