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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 = 300-

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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 = 300- 205. In winter the inverse demand is Pw = 300 - QW- Paradise has a total of 125 yachts available for rental on a monthly basis. Which season is peak season? Why? What are the profit-maximizing prices in both seasons? Assume marginal cost is zero. Peak season is winter because demand is higher The profit-maximizing peak-load price for the summer is PS = $ and the optimal peak-load price for the winter is Pw = $. (Enter your response rounded to two decimal places.)

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