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ACME Ultralight has a monopoly in the ultralight recreational airplane market. ACME rents ultralight planes to customers on an hourly basis. The hourly market demand

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ACME Ultralight has a monopoly in the ultralight recreational airplane market. ACME rents ultralight planes to customers on an hourly basis. The hourly market demand can be represented by the inverse demand function P = 5U Q32. ACME's cost function is C=2+1Q. a. (5 pts] Determine the quantity sold under uniform (Le. single price) monopoly pricing and under perfect price discrimination. Illustrate perfect price discrimination in a diagram. [n which case do consumers pay higher prices?Jr Explain briey

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