Assume a firm faces two customers in the market. Customer 1 has an inverse demand of

p = 130 - q₁

and Customer 2 has an inverse demand of

p = 160 - q₂

Marginal cost per unit is constant and equal to $50. Determine theprofit-maximizing price and identicallump-sum fee charged to these two customers.

For the followingquestions, assume the firm will always sell to both customers.

The profit-maximizing price is $ ______. (Enter a numeric response using a real number rounded to two decimalplaces.)

The lump-sum fee is $_____. (Enter a numeric response rounded to the nearest penny.)