Serena is a single-price, profit-maximizing monopolist in the sale of her own patented perfume, whose demand and
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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-discriminating monopolist?
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