(Optional) Question 13 Consider the same information in question 11, but now assume the club decides to not charge an annual membership. Instead, it will use its monopoly power to lower the quantity and drive the price up. How many rounds will the club sell to each customer and for what price? Hint: Solve the profit-maximization problem of the monopolist to find this quantity and price. (a) The club will sell Qm = 10 rounds at the price of pm = $50 each. (b) The club will sell Qm = 50 rounds at the price of pm $50 each. (c) The club will sell Qm = 25 rounds at the price of pm = $55 each. (d) The club will sell Qm 25 rounds at the price of pm = $250 each. - - (Optional) Question 14 Consider the same information in question 11 and your calculations in questions 12 and 13. Do a welfare analysis comparing the producer surplus with the two-part pricing and with the single price. Which pricing strategy is better for the golf club? (a) The two-part pricing is better: producer surplus is greater than with a single pr