Why is the aggregate (total number of seats sold) for Pleasure flyers = 900? 2. Canada like many other countries has cabotage laws. One major consequence of these laws is that only a Canadian based (i.e. domestic) airline can fly from one Canadian city directly to another Canadian city. This means that Swoop Airline has a monopoly over the route flying from Abbotsford International Airport to the John C. Munro Hamilton International Airport (i.e. only they fly between these two airports) Suppose there are two types of customers using this flight: Business Flyers and Pleasure Flyers (mostly people with family in and around Abbotsford and Hamilton). There are 200 Business flyers with an (annual) individual demand of q = 20 p. There 20, are 300 Pleasure flyers with an (annual) individual demand of qp = 10 - P. The 30 total aggregate (inverse) demand is: 400 QP,if 0Q1000 350- Otherwise 20 Let the marginal cost of flving for Swoop Airline be a constant $120.(Note: the numbers and information is all purely made up, I know nothing about Swoop Airline other than it's name.) a If the firm cannot tell the two types of consumers apart,the monopolist will act like a single pricing monopolist. What is the price a single pricing monopolist would charge and how many seats would the monopolist sell of their flights? (b) Assume that the two types of consumers can be distinguished. What price would the airline charge the Business filyers and how many flights would be taken in ag gregate? What price would the airline charge Pleasure flyers and how many seats would the monopolist sell in total (i.e. in aggregate)? (Hint: Use the individ- ual demand here to determine price and quantity, then determine the aggregate quantity)