1. (20 points) Golfers have monthly demand for golfing at the Riviera Golf Club given as P = 250 25 Q where P is price per round of golf and Q the number played per month. Marginal revenue is MR = 250 50Q and marginal (and average) cost is constant at MC = $50 . The Riviera acts like a monopoly in setting its pricing. Illustrate your math answers below with a graph and explanation. a. The Riviera sets a price per round of golf played plus a monthly membership fee to join the club. Find the profit-maximizing price P , number of rounds Q , membership fee, and profits. b. On your graph, compare the profits in part a) to the profits if the Riviera charged the single-price non-discriminating monopoly price. c. Compare the deadweight loss (inefficiency) of the single-price non-discriminating monopoly price with the two-part pricing in part a? Explain..