2} 3} 4} 5} Find the monopoly's total economic profit when it is maximizing its profit. (4 marks] Indicate the area of consumer surplus under monopoly. {2 marks] What would he the market price and the market quantity, if the industryr in the figure w perfectly competitive [Assuming a constant cost industry)? (4 marks) Indicate the area of consumer surplus when the market is served by perfectlj,r competiti firms. (2 marks)