Scenario 1 Market demand is given by P = 500 - 40. The monopolist who serves the market has MR = 500 - 8Q and its MC = Q + 50. Its ATC = .5Q + 50. 1. Refer to Scenario 1. How much will a profit-maximizing monopolist produce? a. 50 c. 90 b. 300 d. 140 2. Refer to Scenario 1. What will be the monopolist's profit? a. $180 c. $1250 b. $1 1250 d. $9500 3. Refer to Scenario 1. If the monopolist could perfectly price discriminate, what would be its producer surplus? a. $40500 C. $20250 b. $22000 d. $45000