Scenario Use the following information to answer questions 8-10. B. Toes owns the only record store in town and has the following demand, MR, and MC curves. PRICE [Dollars per record] P3 MC P2 P1 Demand MR 01 02 QUANTITY [Records) Question 8 Not yet answered Points out of 1.00 Flag question If the record industry were perfectly competitive, the total welfare in town would be represented by Select one: Oa. Area C + Area E Ob. Area A + Area B + Area C + Area D + Area E Oc. Area A + Area B + Area D + Area E Od. Area A + Area B + Area CQuestion 9 Not yet answered Points out of 1.00 Flag question If B. Toes acts as a single-price monopolist, it will sell _ records at a price of ___ per record. Select one: Oa. Q1; P2 Ob. Q1; P3 Oc. Q1; P1 Od. Q2; P1 Question 10 Not yet answered Points out of 1.00 P Flag question If B. Toes is able to use perfect price discrimination, consumer surplus equals _ and producer surplus equals Select one: Oa. Area C + Area E; Area A + Area B Ob. Area A; Area B + Area C + Area D + Area E Oc. Area A + Area B + Area C + Area D + Area E; zero Od. Zero; Area A + Area B + Area C + Area D + Area E