A monopolist faces a demand curve P = 210 40. The firm faces a constant marginal cost MC =10. 1. Calculate the profit-maximising monopoly quantity and price. 2. Suppose that the monopolist can do firstdegree price discrimination. What would be the optimal quantity sold? 3. Calculate the profits, the consumer surplus and the total surplus under the two scenarios in A and B. (Hint: it may be a good idea to draw a graph.) 4. What is the deadweight loss due to monopoly