Nancy Griffith and Townes Van Zandt are performing as a duo at the American Music Shop. They have monopoly power and have identified two types of customers that will be attending their concert: general-admission patrons (G); and student patrons (S). General-admission demand is pc = 100 - qg and student demand is ps= 50 - (1/2)qs, where p is the price per concert ticket, and q is the quantity of tickets demanded. The marginal cost (equals average cost) of playing music to an additional patron at the American Music Shop is 10. Assume that the musical duo practice third-degree price discrimination. (i) What are their profit maximizing prices and quantities? (ii) What is the consumer surplus, producer surplus and deadweight loss in this particular market? Given the information in question five of homework three, now assume that Nancy Griffith and Townes Van Zandt must practice uniform pricing. (i) (ii) What is the musical duo's profit-maximizing price and quantity? What is the consumer surplus, producer surplus and deadweight loss in this market? Is price discrimination beneficial for the musical duo? Use your economics to carefully explain why or why not.