a. Relative to the consumer surplus that would result at the socially optimal quantity and price,how much consumer surplus is lost from her selling at the monopolist's profit-maximizing quantity and price? b. How much total surplus would result if Serena could act as a perfectly price-discriminatingmonopolist?

Serena is a single-price, profit maximizing monopolist in the sale of her own patented perfume, whose demand and marginal cost curves are shown below. 60 MC 50 45 40 $ per ounce 30 20 15 10 MR D O 4 6 8 12 16 24 Ounces/day