Many producers deal with excess capacity in the market having more available for sale than consumers demand. Often times this is the result of demand in the market being different than what producers had anticipated. Clothing stores and airlines are examples of markets where there is often times excess capacity (more clothing available for sale than consumers want to buy; more seats available for sale than seat capacity on an airline). Producers can use second degree price discrimination to help reduce andlor eliminate excess capacity in these markets, which take the form of traditional end of season sales and last minute bargain holidays. Let's first consider traditional end of season sales in the clothing market. Consider a monopolist who produces a certain line of clothing at a constant marginal cost of MC. Suppose the monopolist anticipates demand for the season to be D1 and sets a uniform price that maximizes profit. Illustrate the profit-maximizing solution (P1 and Q1). Now suppose that at price P1 demand is less than anticipated. In a separate diagram illustrate the new demand curve Damn, the quantity sold at P1 (label it Qacmal) and label the quantity produced (or the capacity output) as Qcapacity (where Qactual