Suppose the conglomerate Enn, Golf & Devour takes monopoly control of the nano-widget market by acquiring all of the previously perfectly competitive firms in the industry. Use the information about marginal cost (MC), demand, and marginal revenue (MR) in the accompanying graph to answer the questions. Place each of the labeled points as follows: . point PC at the perfectly competitive profit-maximizing price and quantity combination. 20 19 point O at the point where marginal revenue is equal to 18 marginal cost. point M at the monopolist's profit-maximizing price and quantity combination. M Marginal cost 12.00 Price ($) Pe 8.00 6.00 Marginal revenue Demand 6.00 10.00 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Quantity (millions of nano-widgets) When the industry is monopolized, how much surplus is transferred from consumers to the monopolist? S 24 million What is the monopolist's producer surplus? S 45 million