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Paradise Cruises has a monopoly in renting luxury yachts for sailing in the Caribbean Sea. In summer its monthly inverse demand is pS=2002QS. In winter
Paradise Cruises has a monopoly in renting luxury yachts for sailing in the Caribbean Sea. In summer its monthly inverse demand is pS=2002QS. In winter the inverse demand is pW=200QW. For simplicity, assume Paradise has no limit on the number of yachts available for rental on a monthly basis and that the marginal cost of production is zero. Part 2 The profit-maximizing peak-load price for the summer is pS=$enter your response here and the optimal peak-load price for the winter is pW=$enter your response here. (Enter your response rounded to two decimal places.)
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