Question: The inverse demand function facing a resort hotel is p = 300 - Q during the high season and p = 100 - Q during

The inverse demand function facing a resort hotel is p = 300 - Q during the high season and p = 100 - Q during the low season. The resort's marginal cost is $50 per night in cleaning costs for the room and general maintenance and administration. The resort has 100 rooms. What is the resort's profit-maximizing peak-load pricing strategy? Illustrate the solution in a diagram

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