The demand function of foreign tourists for the services of the profit-maximizing Park Hotel, which is a monopolist, is described by the equation P1=16-2Q1, the demand of Russians is described by the equation P2=8-2Q2, (where P is the price of the room, Q is the number of rooms for which daily demand is shown) . Hotel costs are determined by the equation TC = 10 + 4Q. a) Determine the number of rooms provided per night, room prices and hotel profit, taking into account third degree price discrimination. b) Suppose price discrimination is not possible. Find the equilibrium parameters of the monopolist in this case, determine the amount of profit and compare with the profit in paragraph a)

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