Consider a monopolist with demandq= 120- 2pand marginal costMC= 40. Suppose the firm is able to participate in perfect price discrimination. Determine the firm's optimal output.

a.) q=20

b.) q=60

c.) q=30

d.) q=40

2.) Consider a monopolist with demandq= 120- 2pand marginal costMC= 40. Suppose the firm is able to participate in perfect price discrimination. Determine the firm's profits.

a.) q=300

b.) 100

c.) 400

d.) 200

3.) Consider a monopolist with demandq= 120- 2pand marginal costMC= 40. Suppose the firm is able to participate in perfect price discrimination. Determine the consumer surplus.

a.) 0

b.) q=100

c.) 50

d.) 25