Paradise Cruises has a monopoly in renting luxury yachts for sailing in the Caribbean Sea. In summer its monthly inverse demand is In winter the inverse demand is Ps= 400-2Qs. Pw = 400-Qw. Paradise has a total of 150 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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