3. Consider the market for coffee in Claremont. F" c. d. on: 3104P qs=rs+2p \"What is the Marginal Revenue function in this market? If there was only one co'ee firm in this market: solve for the monopoly equilibrium price and quantity. Draw a graph showing this market; including Supply: Demand and MEL \"What is the deadweight loss if this market operates as a monopoly? 4. Serena is a singleprice: profit-maximizing monopolist who sells her own patented perfume (shown inthe graph below). a. b. \"What is the equilibrium price and quantity under monopoly conditions? If instead Serena had to operate like a competitive rm what would be the equilibrium price and quantity'.J What is the deadweight loss and total loss to consumer surplus when Serena operates as a monopoly'.J How much surplus would Serena haye if she could act as a perfectly price discriminating monopolist? $ per ounce 16 Ounceslday