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6. Monopoly Pricing In some cities, Uber has a monopoly on ride-sharing services. In one town, the demand curve on weekdays is given by the
6. Monopoly Pricing In some cities, Uber has a monopoly on ride-sharing services. In one town, the demand curve on weekdays is given by the following equation: P = 50- q However, during weekend nights, or surge hours, the demand for rides increases dramatically and the new demand curve is: p = 100 - q Assume a constant marginal cost of c > 0. (a) Determine the profit-maximizing price during weekdays and during surge hours. (b) Determine the profit-maximizing price during weekdays and during surge hours if the marginal cost increase from e to e + 6 where o > 0. (c) Draw a graph showing the demand, marginal revenue, and marginal cost curves during surge hours from part (b), Indicating the profit-maximizing price and quantity. Determine Uber's profit and the deadweight loss during surge hours, and show them on the graph
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